annual accounts 2015-2016 - aptransco.gov.in report 2015-16.pdf · sri m. ravi chandra, ias : ......

ANNUAL ACCOUNTS 2015-2016

TRANSMISSION CORPORATION OF ANDHRA PRADESH LIMITED i

BOARD OF DIRECTORS

1. Sri K. Vijayanand, IAS : Chairman & Managing Director (FAC)2. Sri P. Umapathi, IPS (Retd) : Joint Managing Director (Vigilance & Security)3. Sri Dinesh Paruchuri, IRS : Joint Managing Director

(Finance, Commercial, IPC, HRD & IT)4. Sri S. Subrahmanyam : Director (Projects)5. Sri R. Nagaraja Swamy : Director (Grid & Transmission Management)6. Sri Ajay Jain, IAS : Director (Non-Whole time)

Principal Secretary to Govt.,Energy, Infrastructure &Invt. Dept., GoA.P.

7. Sri M. Ravi Chandra, IAS : Director (Non-Whole time)Secretary to Govt.,Finance Dept., (R&E). GoA.P.

Company Secretary : Sri M. Karunakar Reddy,B.Sc., M.BA, ACS

Bankers : State Bank of Hyderabad,Andhra Bank, Indian Overseas BankUCO Bank, Corporation Bank, Bank of IndiaAllahabad Bank, Indian Bank, Dena BankKarnataka Bank, Bank of Maharastra,Federal Bank, Karur Vysya Bank,ICICI Bank and HDFC Bank.

AuditorsStaturory Auditors : Jawahar & Associates

C-5, Skylark Apartments,3-6-309, Basheerbagh, Hyderabad-500 029

Cost Auditors : M/s. Narasimha Murthy & Co., Cost Accountants2nd Floor, Pavani Plaza, HimayathnagarHyderabad - 500 029.

Internal Auditors : 1. Sri V. Satyanarayana(Chartered accountants) 2. Sri K. Ramachadra Rao

3. Sri G. Subba Rao

Registered & Corporate Office : 6-3-572, Vidyut Soudha, Somajiguda,Hyderabad-500 082. Telangana.

Web : www.aptransco.co.inPAN No. : AABCT0088PTIN : 37760127045


ii TRANSMISSION CORPORATION OF ANDHRA PRADESH LIMITED


TRANSMISSION CORPORATION OF ANDHRA PRADESH LIMITED iii

CONTENTS

PARTICULARS PAGE NO.

Board of Directors’ Report 1-28

Statutory Auditor’s Report 29-41

C & AGS’ Comments 42-43

PART- I STATEMENTSStatement -1 Revenue Acount 44-45

Statement -2 Net Revenue and Approriation Account 46

Statement -3 BALANCE SHEET 47-49

PART- II SCHEDULE TO THE REVENUE ACCOUNTSchedule 1 Revenue From Transmission & SLDC Busiess 50

Schedule 2 Element - Wise Analysis of Revenue 51

Schedule 4 Revenue Subsidies and Grants 51

Schedule 5 Other Income 52

Schedule 6 Purchase of Power 53

Schedule 7 Generation of Power 53

Schedule 8 Repairs and Maintenance 54

Schedule 9 Employee Costs 55

Schedule 10 Administration and General Expenses 56

Schedule 11 Depreciation and Related Debits (Net) 57

Schedule 12 Interest and Finance Charges 58

Schedule 13 Interest and Finance Charges Capitalised 59

Schedule 14 Other expenses capitalised 60

Schedule 15 Other Debits 60

Schedule 16 Extraordinary Items 61

Schedule 17 Provision for Income Tax 62

Schedule 18 Net Prior Period (Credits) / Charges 63

PART-III SCHEDULE TO BALANCE SHEETSchedule 19 Fixed assets and Provision for Depreciation 64-65

Schedule 20 Function-wise Break-up of Fixed Assest 64-65

Schedule 21 Capital Expenditure in Progress 66

Schedule 22 Assets Not in use 67


iv TRANSMISSION CORPORATION OF ANDHRA PRADESH LIMITED

Schedule 23 Deferred Costs 68

Schedule 24 Intangible assets 69

Schedule 25 Investments 70-71

Schedule 26 Total Current Assets 72

Schedule 26a Stocks 72

Schedule 26b Transmission & SLDC Charges Receiveable 73

Schedule 26c Cash and Bank Balance 74

Schedule 26d Loans and Advances 74

Schedule 26e Sundry receivables 75

Schedule 27 Security Deposits from customers 75

Schedule 28 Other Current Liabilities 76

Schedule 28a Long term Liability for Pension & Gratuity and

EL Encashment 77

Schedule 29 Subsidy Receivable from Government 78

Schedule 30 Borrowings for Working Capital 79

Schedule 31 Payment Due on Capital Liabilities 80-81

Schedule 32 Capital Liabilities 82-83

Schedule 33 Funds From State Government 84-85

Schedule 34 Contributions, Grants and subsidies Towards

Cost of Capital Assets 84-85

Schedule 35 Reserve and Reserve Funds 86-87

PART-IV STATEMENTSStatement - 4 Statement of Accounting Policies 88-91

Statement - 5 Notes to Accounts 92-100

Statement - 6 Function-Wise Analysis of Revenue and Expenses 101

Function-Wise Balance Sheet 102

Statement - 7 Sources and Uses of Funds

Cash Flow Statement 103-105

Statement - 8 Statement of Capital Base and Surplus 106

Statement - 9 Statement of Technical Particulars 106


TRANSMISSION CORPORATION OF ANDHRA PRADESH LIMITED 1

Rs. in CroresParticulars Current FY Previous FY

2015-2016 2014-2015INCOME:Transmission & SLDC Charges/ Revenue 842.60 1089.99

Other Income 124.99 73.96

TOTAL INCOME: 967.59 1163.95EXPENDITURE:Repairs & Maintenance (net) 126.65 127.38

Employees Cost (net) 269.02 497.35

Administration & General Expenses (net) 34.05 30.74

Depreciation (net) 274.05 286.53

Interest and Finance Charges (net) 128.09 132.63

Other debits 0.47 1.28

Extra-ordinary items 2.91 20.31

Net Prior Period Charges/(Credits) (1.60) (0.34)

TOTAL EXPENDITURE: 833.64 1095.88Profit before tax (PBT) 133.95 68.07Current Tax 28.59 37.00

MAT Credit entitlement (28.59) 0

Deferred Tax (Liability)/Asset (48.51) 19.12

Profit after tax (PAT) 85.45 50.19

Board of Directors’ Report

To,The Members,APTRANSCO

Your Directors have pleasure in presenting the 18th audited Annual Statements of Accounts ofthe Company for the period ending 31st March 2016.

Financial performance of the Company:The financial performance of the Company for the year ended 31st March 2016 is summarizedbelow:


2 TRANSMISSION CORPORATION OF ANDHRA PRADESH LIMITED

Financial highlights of the Company:The Andhra Pradesh Electricity Regulatory Commission (APERC) notified the tariffs for theTransmission and SLDC business separately through Multi Year Tariff (MYT) Order from FY2014-15 to FY 2018-2019 w.e.f 17.5.14. Transmission and SLDC billing was done on thecontracted capacities of the DISCOMs and other third party generators/open access customersfor realization of the revenue show under income.

The highlights of Revenue Account for the FY 2015-2016 are:i. The main reason for decrease in revenue is due to adjustment of Rs.271.34 crore

as per APERC orders dated 07.11.2015 towards true down amount of transmissioncharges to the two distribution companies i.e. APSPDCL and APEPDCL for 2nd controlperiod (FY 2009-10 to 2013-14). The true down amounts are to be in the form ofadjustment of the transmission charges that become payable by APDISCOMS duringthe FY 2016-17 at 50% of the transmission charges that become payable eachmonth, till such liability is totally discharged. However, the other income increased ismainly on account of receipt of additional Supervision charges of Rs.34.84 crs andfines and penalties of Rs.16.50 crs.

ii. The increase/decrease in operating expenses is, mainly on account of:

A. Decrease in employee cost in the current year is mainly due to charging of Rs.200.62crore reduced Terminal Benefits in FY 2015-16 compared to FY 2014-15. Becausein FY 2014-15 the huge liability due to the impact of pay revision w.e.f. 1.4.2014was charged to the P&L account.

B. Increase in outsourced employee wages to the extent of Rs.2.75 crs over previousyear.

C. The increase in interest of Rs.42.30 crore on capex loans is on account of additionalborrowings for capex of Rs.1435.94 crores during the Current year to meet theheavy Capex programmes.

The Company had earned a net surplus/profit (after tax/ deferred tax provision/Mat credit) ofRs.85.45 Crores from its operations (Transmission and SLDC business) on a total turnover ofRs.967.59 crores (including other income).

Dividend: As a measure of achieving/complying the self financing ratio of 20% of funding theongoing and future capital expenditure for various transmission and SLDC projects ofAPTRANSCO, the Board had decided to retain the surplus amount as counterpart funding andtherefore, not recommended any amount as dividend to its shareholders for the FY 2015-2016.

SHARE CAPITALThe equity share capital in APTRANSCO as on 31.03.2013 (as per audited accounts) wasapportioned by the GoAP vide G.O MS No. 26 Energy (CC) Department dt.29.05.2014 in thepopulation ratio, while notifying the assests and liabilities of APTRANSCO and TSTRANSCOw.e.f 02.06.2014.

Demerger of APTRANSCO:Keeping in view the provisions of the Andhra Pradesh Reorganization Act, 2014, readwith Schedule IX, proposals were sent to the Energy Dept., GoAP, vide LetterNo.APTRANSCO/CMD/Co.Secy./045/2014,dt.28-04-2014, for formation of new entity



for the State of Telangana. The Energy Dept., GoAP, vide Letter No. 1519 / CC / 2014-1, dt.09-05-2014, accepted the proposals relating to three alternative names for thenew entity; named the first four Directors and seven Subscribers for formation of thenew entity and approved the draft Memorandum and Articles of Association as sent byAPTRANSCO. Form No. INC-1 was e-filed with the Registrar of Companies (RoC),Hyderabad, on 16-05-2014, along with the prescribed documents and fee, for reservationof name for the new entity proposed for the State of Telangana. The RoC, Hyderabad,vide letter dt. 21-05-2014, gave approval for the proposed entity name as – ‘TransmissionCorporation of Telangana Limited’, the abbreviation of which was decided as ‘TSTRANSCO’. Consequently, Form No. INC-7 was e-filed with the RoC, Hyderabad, alongwith the prescribed documents and fee, for incorporation of TS TRANSCO. The RoC,Hyderabad, issued Certificate of Incorporation on 29-05-2014 evidencing formation ofTS TRANSCO. Letter No. CMD/Peshi/ D.No.66/14, dt. 06-05-2014, was addressed tothe Energy Dept., GoAP, enclosing therein the proposals for transfer of Functions, Assets,Liability, Posts and Staff to the new TRANSCO for the State of Telangana, as part ofDemerger Plan. The Plan, as sent to the GoAP, was placed before the Board, at its 99th

Meeting held on 16-05-2014, for consideration and approval. The Board, with certainmodifications, approved the Plan and gave permission to place the same before theShareholders in the Extraordinary General Meeting (EGM). Accordingly, the Plan wasplaced before the Shareholders in the EGM held on 16-05-2014 and the same wasapproved. Consequently the Plan was sent to the Energy Dept., GoAP, and theGovernment issued G.O. Ms. No. 26, Energy (CC) Dept., dt. 29-05-2014, for transfer offunctions, assets, liabilities, posts and employees to the newly created TelanganaTRANSCO. The prescribed e-form was filed with the Registrar of Companies (RoC)for registration of Resolution passed at the EGM on 22-05-2014 and the same wasapproved by the RoC on 04-07-2014, and Accordingly, Transmission Corporation ofTelangana Limited (TS TRANSCO) has become operational and functional w.e.f. 02-06-2014 (i.e., the date of formation of the State of Telangana) with its Head Quarters atVidyut Soudha, Khairtabad, Hyderabad – 500 082 on demerger of APTRANSCO.

Apportionment/allocation of Assets and Liabilities to AP and TS TRANSCO as on 02.06.2014

a) As per AP Reorganization Act, 2014 the state of Andhra Pradesh has bifurcatedin to Andhra Pradesh and state of Telangana from 02.06.2014. TheAPTRANSCO has bifurcated into APTRANSCO & TSTRANSCO with effectfrom 02.06.2014. As per section 53 of AP Reorganization Act, 2014 the assetsand liabilities were divided between the two entities provisionally as per draftdemerger plan as under:

(i) the operational units between the two successor States on locationbasis; and

(ii) the headquarters between the two successor States pertaining tothe region it belongs (in the cases of identified) and for others on thebasis of population ratio.

b) The Government of Andhra Pradesh has issued G.O.Ms.No.26 (Energy Dept.)dated 29.05.2014 for creation of Transco for Telangana State transferring offunctions, assets, liabilities, posts and staff w.e.f 02.06.2014 to TS Transco,under AP Reorganization Act as per the methodology prescribed above. The



draft demerger plan submitted to Expert Committee of Demerger ofGovernment Corporations which is pending for final approval.

c) Section 65 of AP Re-organization Act, 2014 also empowers the successorstates of AP and Telangana to mutually agree upon the apportionment of Assetsand Liabilities between themselves yet in a manner other than that providedin the Act, however, no such final agreement has been arrived at in so far asmay be applicable to the affairs of APTRANSCO and TSTRANSCO.

Corporate Social Responsibility:As envisaged under Section 135 of the Companies Act 2013, read with relevant Rules,Committee should recommend to the Board CSR Policy which shall indicate the activities tobe undertaken by the Company as specified under Schedule VII of the Act. The Committeeshall also recommend the amount of expenditure to be incurred on the activities and monitorthe CSR Policy from time to time.

An amount of Rs.3.08 crs provision is made in the current year towards CSR responsibility byyour company.

The following are the CSR Committee Members as on 31.03.2016

1. Sri K. Vijayanand, IAS – CMD

2. Sri P Umapathi, IPS (Retd.) - JMD (Vig. & Security)

3. Sri Dinesh Paruchuri, IRS - JMD(Fin.,Comml.,IPC,HRD&IT)

Contents of CSR Policy:

It is endeavour of the Company to focus on the following broad activites.

(i) eradicating hunger, poverty and malnutrition, promoting preventive health careand sanitation and making available safe drinking water;

(ii) promoting education, including special education and employment enhancingvocation skills especially among children, women, elderly, and the differentlyabled and livelihood enhancement projects;

(iii) promoting gender equality, empowering women, setting up homes and hostelsfor women and orphans; setting up old age homes, day care centres and suchother facilities for senior citizens and measures for reducing inequalities facedby socially and economically backward groups;

(iv) ensuring environmental sustainability, ecological balance, protection of flora andfauna, animal welfare, agroforestry, conservation of natural resources andmaintaining quality of soil, air and water;

(v) protection of national heritage, art and culture including restoration of buildingsand sites of historical importance and works of art; setting up public libraries;promotion and development of traditional arts and handicrafts;

(vi) measures for the benefit of armed forces veterans, war widows and theirdependents;

(vii) training to promote rural sports, nationally recognized sports, paralympic sportsand Olympic sports;



(viii) contribution to the Prime Minister’s National Relief Fund or any other fund set upby the Central Government for socio-economic development and relief and welfareof the Scheduled Castes, the Scheduled Tribes, other backward classes,minorities and women;

(ix) contributions or funds provided to technology incubators located within academicinstitutions which are approved by the Central Government;

(x) rural development projects; and

(xi) slum area development.

Cost Accounting Records :Your Company is preparing and maintaining the Cost Accounting Records and the same wereaudited; vide notification issued by the Ministry of Corporate Affairs. Accordingly, Cost accountingrecords for the FY 2015-2016 were prepared, audited.

Auditors of the Company:Statutory Auditors:M/s. Jawahar and Associates, Chartered Accountants, Hyderabad, were appointed by theComptroller & Auditor General of India (C & AG) as the Statutory Auditors of the Company for thefinancial year 2015-16. The Auditors had conducted the statutory audit and furnished their Reporton 04-04-2017.

The Accountant General, O/o the C & AG, Andhra Pradesh, Hyderabad, had conducted theSupplementary Audit u/s 143(6) of the Companies Act, 2013 and the final comments werereceived on 20-06-2017.

Cost Auditors:The Company required getting its Cost records audited under Companies Act 2013 as per theorders issued by the Ministry of Corporate Affairs, the board of directors of the Company accordedapproval for appointment of M/s. Narasimha Murthy & Co., Cost Accountants, Hyderabad, asthe Cost Auditor of your Company for the FY 2015-16.

Your company is preparing and maintaining the Cost Accounting Records and the same wereaudited; vide notification issued by the Ministry of Corporate Affairs. Accordingly, Cost accountingrecords for the FY 2015-16 were prepared, audited.

Internal Auditors of the Company:With a view to have a better control over the internal control system in vogue, the qualifiedChartered Accountants were appointed as Internal Auditors by APTRANSCO to SriK. Ramachandra Rao, Sri V. Satyanarayana and Sri G. Subba Rao, to conduct internal audit,submit their report and give suggestions to the management relating to the FY 2015-2016.Accordingly, the Internal Auditors had conducted audit and furnished their monthly reports.

Secretarial Audit Report:Sri P. Vithal Kumar, Practicing Company Secretary was appointed as Secretarial Auditor undersection 204 of the Companies Act, 2013 for the FY 2015-2016. The Secretarial Audit Report isannexed hereto and forms part of this report.



Replies to the comments of the Statutory Auditors and Comptroller and Auditor General of India

Replies of the Management to comments of the Statutory Auditors, Comptroller and AuditorGeneral of India (C&AG) and financials review by C&AG of India on the accounts of the Companyfor the year ended 31st March, 2016 are annexed here to and forms part of this report.

Human Resource Development, Training and Industrial Relations:During the Re-organization of the Andhra Pradesh State, Corporate Training Institute along withposts has been transferred to TS TRANSCO. However, 729 Employees were deputed to thevarious training programmes which were conducted at Corporate Training Institute, TSTRANSCO for the year 2014-15) for improving motivation skills, developing self-confidence, insharing the technical skills between employees, to know the new / upcoming technology so asto improve the efficiency of the employees / organization.

Significant Achievements/Awards:Operational Achievements

i) The peak demand of 6784 MW (For residual A.P) was met during March 2015, asagainst 13162MW (Combined A.P) during the same month of last year.

ii) Highest demand of 153.94 MU/Day was met during March 2015.

iii) The energy handled during the year 2014-15 stood at 48323 MU (Provisional) asagainst 88,823 MU (Combined A.P) during previous year.

iv) Transmission losses were 3.37% during 2014-15 as against 3.97% (CombinedA.P) during 2013-14.

v) Transmission system availability was 99.94% during FY 2014-15 as against 99.96%(Combined A.P) during the previous financial year.

vi) 3Nos 132 KV Substations, 301.65 CKM of 400 KV line, 242.74 CKM of 220 KV lineand 156.62 CKM of 132 KV line were added during FY 2014-15.

List of Awards won in by APTRANSCO1) APTRANSCO bags National Award of “Silver Shield” — In the category of

‘Transmission System Availability’.Recognizing the best efforts of APTRANSCO’s performance in increasing thetransmission availability, Central Electricity Authority(CEA), Ministry of Power (MoP),New Delhi has conferred the award of “Comprehensive Award -Silver Shield” toAPTRANSCO in the category of “Transmission System Availability” for the year 2012-13.

On behalf of APTRANSCO, Sri Pallakonda Ramesh, Joint Managing Director/APTRANSCO (HRD, IT& Comml) received the award from Shri Jyotiraditya M. Scindia,Hon’ble Minister of State for Power (Independent Charge) during the function held atNew Delhi on 4th Feb, 2014.

2) APTRANSCO bags National Award from Ministry of Power for meritoriousperformanceAPTRANSCO has achieved a record level of 99.966% of Transmission Systemavailability for the Year 2013-14 and has been conferred “Silver Shield” in this regard.



Recognizing the best efforts of APTRANSCO’s performance in increasing thetransmission availability, Central Electricity Authority(CEA), Ministry of Power (MoP),New Delhi has conferred the award of “Comprehensive Award -Silver Shield” toAPTRANSCO in the category of “Transmission System Availability” for the year 2013-14.

On behalf of APTRANSCO, Sri K. Vijayanand I.A.S, Chairman & Managing Director/APTRANSCO received the award from Shri Piyush Goyal, Hon’ble Minister of Statefor Power, Coal & NRE (Independent Charge) during the function held at New Delhi on3rd June 2015 at Vigyan Bhavan, Maulana Ajad Road, New Delhi.

List of Live IT Applications1) Enterprise Resource Planning Application (ERP):

Developer: M/s IFS Solutions India Pvt. LtdDescription: IFS ERP Application in APTRANSCO has been implemented by M/SIndustrial Financial Solutions Pvt Ltd. The project covers the Business functionalities ofHead quarters, all TL&SS/TLC wings (up to Division level) & all the Stores ofAPTRANSCO.

The ERP Application has been implemented in 2 Phases.

In First Phase ( in 2007) the following Modules were implemented.

1. Material Management

2. Project Management

3. Maintenance Management

4. Financial & Controlling

In second Phase (i.e from July 2010 /October 2010) the following Modules wereimplemented and are in project completion stage.

5. Human Resources Module

6. Payroll Module

The Third Party Auditors have carried out a comprehensive information systems auditon ERP in the month of January 2008.

Extension of ERP upto Sub Division Level in respect of Maintenance TL&SS SubDivisions is under progress.

Data Centre (DC) for ERP Servers was established in Vidyut Soudha in the year 2007and Disaster Recovery (DR) centre at Database level was established in 2012 at CTI,Erragadda.

2) APTRANSCO Website www.aptransco.gov.inDeveloper: Internal Team with the help of M/s CGG ProfessionalsDescription: APTRANSCO website has been Developer M/s Smart IMS, it facilitate toview the organizational information by the public and employees. The information likeabout APTRANSCO, Tenders, TOOs, RTI Information etc.



i) TOO Application plug in is developed in house to facilitate the TOO wing toupload the TOOs as and when issued in secured manner.

3) Legal Case Monitoring System:Developer: M/s KPMGDescription: It is Developer M/s KPMG for tracking the status of Legal Cases inAPTransco and facilitates the management to review the cases and also the variousfunctional heads to track their legal cases, hearing dates etc. This application is integratedwith ERP for arranging payments to Legal Advisors.

4) APTRANSCO Mailing System.Description: Exchange Mailing System has been implemented in 2007–08 for the useof ERP users, management, functional heads, etc

5) ERP Subsystem:Developer: In house DevelopmentDescription: This application is planned and developed in house to facilitate the variousemployees other than ERP users to view their personal information and pay bills insecured manner. Any Employee can access the application through Intranet. Theapplication is planned to go live in the month of July-13.

6) Load Monitoring Process Automation (LMCPA):Developer: M/s GEO Information Systems LtdDescription: Load Monitoring Cell Process Automation (LMPCA) is planned for the useby LMC (Laod Monitoring Cell) using for uploading, Generation, Distribution and otherinformation collected from various Discoms and SLDC and to publish in APTranscowebsite for viewing by Chief Minister, other higher officials and public. This application isunder development by M/s GEO Information systems ltd.

7) Video Conference Facility:Description: Planned to establish Video Conference facility at Vidyut Soudha,APTRANSCO, to connect to the A.P. Secretariat and to District Administrative Officers,Discoms, for coordinating various issues. Indents order has been placed on M/s. APTSfor Supply and Establishing of Video Conference System and the same in progress.

8) OPEN ACCESS APPLICATIONDeveloper: In House development teamDescription: Open access application is developed for use by SLDC wing to enableOpen access users to register online and to issue Open access approvals by SLDCwing.

9) VENDOR REGISTRATION APPLICATIONDeveloper: In House development teamDescription: Vendor registration application is developed for use by Vendor registrationwing for registration of the material suppliers online by paying the specified fee.



10) PRAVAH APPLICATION:Developer: M/s Vassar LabsDescription: Pravah application is developed to know the day today progress of theEHV lines and EHV substations construction status going on in APTRANSCO. Pravahapplication will be updated through daily progress SMS send by the Field engineers.

11) SLDC REPORTSDeveloper: In House development teamDescription: SLDC reports are developed for the purpose of online monitoring of thePower Demand fluctuations in the state. All generating stations will update their generatingstation demand and distributions will update their required demand, the both can behandled by SLDC wing through this portal.

Corporate Governance practice:

APTRANSCO, an unlisted wholly owned Andhra Pradesh State GovernmentCompany, is strictly adhering to the principles of Corporate Governance asenvisaged in the Companies Act, 2013. Further, APTRANSCO continues tobelieve in observing the best corporate governance practices andbenchmarking itself against each such practice on an ongoing basis.

DirectorsThe board of Directors of the Company are appointed/nominated by the Government ofAndhra Pradesh. The Changes which have been occurred in the composition of Boardof Directors of the Company are as follows:

Changes Occurred From 01.04.2015 to 31.03.2016S.No NAME DESIGNATION FROM TO1. Sri K. Vijayanand, IAS CMD 05-06-2014 Till

2. Sri S. Subramanyam Director(Projects) 03-07-2013 Till

3. Sri Ajay Jain, IAS Director(Non-Whole time) 22-07-2014 Till

4. Dr. P.V. Ramesh, IAS Director(Non-Whole time) 04-11-2013 Till

5. Sri. Paradesi Umapathi, Director (Vig. & Security) 17/08/2015 Till

IPS (Retd.)

6. Sri Mohd. Anwaruddin Director (Grid & 03-07-2013 —

Transmission Management)

7. Sri.Nagaraja Swamy Rudra Director (Grid & 18/09/2015 Till

Transmission Management)

8. Sri. Dinesh Paruchuri, IRS Director (Finance) 08/10/2015 Till



Board Meetings held in 2015-16:The Board held its meetings on 04.05.2015, 28.05.2015, 08.09.2015 and 31.12.2015 in thefinancial year 2015-16.

Audit CommitteeIn Compliance with the provisions of Section 177 of the Companies Act, 2013, during the yearunder review, the Audit Committee has met on 04.05.2015, 28.05.2015 and 31.12.2015 TheComposition of the Audit Committee as on 31.03.2016 is as follows:

S.No NAME DESIGNATION FROM TO1. Dr. P.V. Ramesh, IAS Director(Non-Whole time) 04-11-2013 Till

2. Sri Ajay Jain, IAS Director(Non-Whole time) 22-07-2014 Till

3. Sri. Paradesi Umapathi, Director (Vig. & Security) 17/08/2015 Till

IPS (Retd.)

Details of Subsidiary/Joint Ventures/Associate CompaniesYour company had no subsidiaries, Joint Ventures and associate companies during the financialyear under review.

DepositsDuring the year under review, the Company has not accepted any public deposits as per theCompanies Act 2013.

Extract of the annual returnAs provided under Section 92 (3) of the Companies Act, 2013, the Extract of Annual Return isgiven in the Annexure in the prescribed Form MGT-9, which forms part of this report.

Particulars of EmployeesThere were no employees drawing remuneration in excess of the prescribed limits whosedetails are required to be disclosed under Act and the top ten list of Officers remuneration /salary particulars are given in the Annexure to this report.

Disclosure under the Sexual Harassment of Women at Work place (Prevention,Prohibition and Redressal) Act, 2013During the period under review, no complaints regarding sexual harassment were received byCommittee from women employees of APTRANSCO.

Conservation of energy, technology absorption and foreign exchange earnings andoutgoDuring the year under review that energy efficiency activities has not been carried out byAPTRANSCO.

Foreign exchange earnings and outgo – Nil during the year.

Directors’ Responsibility StatementThe Directors’ Responsibility Statement referred to in clause (c) of sub-section (3) of Section134 of the Companies Act, 2013, shall state that—



(a) in the preparation of the annual accounts, the applicable accounting standards havebeen followed along with proper explanation relating to material departures;

(b) the directors have selected such accounting policies and applied them consistentlyand made judgments and estimates that are reasonable and prudent so as to givea true and fair view of the state of affairs of the company at the end of the financialyear and of the profit or loss of the company for that period;

(c) the directors have taken proper and sufficient care for the maintenance of adequateaccounting records in accordance with the provisions of this Act for safeguardingthe assets of the company and for preventing and detecting fraud and otherirregularities;

(d) the directors have prepared the annual accounts on a going concern basis; and

(e) the directors had devised proper systems to ensure compliance with the provisionsof all applicable laws and that such systems were adequate and operating effectively.

AcknowledgementsYour Directors express their gratitude to all stakeholders, bankers, Regulatory Authorities,

Government, customers, suppliers, business associates from India, staff and workers for theircontinued support at all times and look forward to have the same in our future endeavours.Directors are pleased to record their appreciation of the sincere and dedicated services of theemployees and workmen at all levels.

For and on behalf of Board of Directors

Sd/-CHAIRMAN & MANAGING DIRECTOR

Date: 29/08/2017 DIN: 02138144



Form No. MR-3

SECRETARIAL AUDIT REPORT

FOR THE FINANCIAL YEAR ENDED 31.03.2016[Pursuant to section 204(1) of the Companies Act, 2013 and rule No.9 of the Companies(Appointment and Remuneration of Managerial Personnel) Rules, 2014]

ToThe Members,Transmission Corporation of Andhra Pradesh LimitedAPTRANSCO, Vidyut Soudha,Khairatabad, Hyderabad - 500 082.

I have conducted the secretarial audit of the compliance of applicable statutory provisions andthe adherence to good corporate practices by Transmission Corporation of Andhra PradeshLimited (hereinafter called the company). Secretarial Audit was conducted in a manner thatprovided me/us a reasonable basis for evaluating the corporate conducts/statutory compliancesand expressing my opinion thereon.

Based on my verification of the Transmission Corporation of Andhra Pradesh Limited's books,papers, minute books, forms and returns filed and other records maintained by the companyand also the information provided by the Company, its officers, agents and authorized represen-tatives during the conduct of secretarial audit, I hereby report that in my/our Opinion, thecompany has, during the audit period covering the financial year ended on 31.03.2015, com-plied with the statutory provisions listed hereunder and also that the Company has proper Board-processes and compliance-mechanism in place to the extent, in the manner and subject to thereporting made hereinafter:

I have examined the books, papers, minute books, forms and returns filed and other recordsmaintained by Transmission Corporation of Andhra Pradesh Limited ("the Company") for thefinancial year ended on 31.03.2016 according to the provisions of:

(i) The Companies Act, 2013 (the Act) and the rules made there under;

(ii) The Securities Contracts (Regulation) Act, 1956 ('SCRA'), Securities and ExchangeBoard of India Act, 1992 (SEBI) and SEBI Guidelines and Regulations to the extentthey are applicable; and

(iii) The Electricity Act, 2003 read with the Electricity Rules, 2005 and Regulations of theappropriate Commission issued from time to time.

I have also examined compliance with the applicable clauses of the Secretarial Standardsissued by The Institute of Company Secretaries of India.

During the period under review the Company has complied with the provisions of the Act, Rules,Regulations, Guidelines, Standards, etc.mentioned above subject to the following observations:



1. The Company is yet to comply with the provisions of Section 149(4) of the CompaniesAct, 2013 relating to appointment of Independent Directors on its Board.

2. The Company is yet to comply with the provisions of Rule 3 of the Companies (Appoint-ment and Qualification of Directors) Rules, 2014 relating to appointment of Woman Direc-tor on its Board.

3. The Company convened its Annual General Meeting for the Financial Year 2015- 2016 on30.12.2016, but adjourned the same pending receipt of comments from the StatutoryAuditors and Comptroller and Auditor General of India. Accordingly, the Audited AnnualAccounts were not adopted at the duly convened Annual General Meeting of the Companywithin the time prescribed in the Companies Act, 2013 and the extended time provided bythe Registrar of Companies, as per the provisions of Section 96 read with Section 129 ofthe Companies Act, 2013.

I further report that:

Subject to Para Nos. 1 & 2 above, the Board of Directors of the Company is duly consti-tuted with proper balance of Executive Directors, Non-Executive Directors and IndependentDirectors. The changes in the composition of the Board of Directors that took place during theperiod under review were carried out in compliance with the provisions of the Act.

Adequate notice is given to all directors to schedule the Board Meetings, agenda anddetailed notes on agenda were sent at least seven days in advance, and a system exists forseeking and obtaining further information and clarifications on the agenda items before themeeting and for meaningful participation at the meeting.

Majority decision is carried through while the dissenting members' views are capturedand recorded as part of the minutes.

I further report that in view of the size and operations of the company, the systems andprocesses adopted in the company are inadequate to monitor and ensure compliance withapplicable laws, rules, regulations and guidelines. The Company is advised to put in place anintegrated Legal Compliance Management System with periodical reporting to the Board.

I further report that during the audit period the company has come under the purview of theAP Re-organisation Act, 2014 and subject to the provisions of the said Act in relation to bifurca-tion of assets and liabilities of Power Transmission Companies.

Place: Visakhapatnam Signature: Sd/-Date: 29.06.2017 Name: P. VITHAL KUMAR

ACS No. 14440CP No. 8224

This report is to be read with our letter of even date which is annexed as Annexure A andforms an integral part of this report.



'Annexure A'

ToThe Members,Transmission Corporation of Andhra Pradesh LimitedAPTRANSCO, Vidyut Soudha,Khairatabad, Hyderabad - 500 082.

My report of even date is to be read along with this letter.

1. Maintenance of secretarial records is the responsibility of the management of the com-pany. My responsibility is to express an opinion on these secretarial records based on ouraudit.

2. I have followed the audit practices and processes as were appropriate to obtain reason-able assurance about the correctness of the content of the secretarial records. The veri-fication was done on test basis to ensure that correct facts are reflected in secretarialrecords. I believe that the processes and practices we followed provide a reasonablebasis for our opinion.

3. I have not verified the correctness and appropriateness of financial records and books ofaccounts of the Company.

4. Wherever required, I have obtained Management representation about compliance withlaws, rules and regulations, happening of events, etc.

5. Compliance with the provisions of Corporate and other applicable laws, rules, regulations,standards is the responsibility of the management. My examination was limited to theverification of procedures on test basis.

6. The Secretarial Audit Report is neither an assurance as to the future viability of the Com-pany nor of the efficacy or effectiveness with which the management has conducted theaffairs of the Company.

Place: Visakhapatnam Signature: Sd/-Date: 29.06.2017 Name: P. VITHAL KUMAR

ACS No. 14440CP No. 8224



ANNEXURE -1EXTRACT OF ANNUAL RETURN

as on the financial year ended on 31/03/2016[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies

Management and Administration) Rules, 2014]

I. REGISTRATION AND OTHER DETAILS:

(i) CIN : U31909AP1998SGC030805

(ii) Registration Date : 29/12/1998

(iii) Name of the Company: Transmission Corporation ofAndhra Pradesh Limited

(iv) Category / Sub-Category ofthe Company: Limited by Shares/State Govt Company

(v) Address of the Registered officeand contact details: 6-3-572, Vidyut Soudha, khairatabad,

Hyderabad, [email protected]

(vi) Whether listed company : No

(vii) Name, Address and Contact Nildetails of Registrar andTransfer Agent, if any:

II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY:All the business activities contributing 10 % or more of the total turnover of the company

shall be stated:-

S.No. Name and Description of NIC Code of the % to total turnover of themain products / services Product/ service company

1 TRANSMISSION 35107 100

III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES:

S.No Name and addressHolding/ % of Applicable

of the companyCIN/GLN Subsidiary/ Shareheld SectionAssociate

NIL



IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total Equity)i) Category-wise Share Holding: Equity

No. of Shares held at the No. of Shares held a thebeginning of the year end of the year

Demat Physical Total % Total Demat Physical Total % TotalShares Shares

A. Promoters(1) Indian

a) Individual/ HUF 0 0 0 0 0 0 0 0 0

b) Central Govt 0 0 0 0 0 0 0 0 0

c) State Govt (s) 0 454439695 454439695 100 0 454439695 454439695 100 0

d) Bodies Corp. 0 0 0 0 0 0 0 0 0

e) Banks/FI 0 0 0 0 0 0 0 0 0

f) Any Other.. 0 0 0 0 0 0 0 0 0

Sub-total (A) (1) : 0 454439695 454439695 100 0 454439695 454439695 100 0

(2) Foreign

a) NRIs-individuals 0 0 0 0 0 0 0 0 0

b) Other-Individuals 0 0 0 0 0 0 0 0 0

c) Bodies Corp. 0 0 0 0 0 0 0 0 0

d) Banks / FI 0 0 0 0 0 0 0 0 0

e) Any Other.... 0 0 0 0 0 0 0 0 0

Sub-total (A) (2) : 0 0 0 0 0 0 0 0 0

Totalshareholding ofPromoter (A) =(A)(1)+(A)( 2) 0 454439695 454439695 100 0 454439695 454439695 100 0

B. PublicShareholding

1. Institutions

a) Mutual Funds 0 0 0 0 0 0 0 0 0

b) Banks/FI 0 0 0 0 0 0 0 0 0

c) Central Govt 0 0 0 0 0 0 0 0 0

d) State Govt(s) 0 0 0 0 0 0 0 0 0

e) Venture Capital Funds 0 0 0 0 0 0 0 0 0

f) Insurance Companies 0 0 0 0 0 0 0 0 0

% Changeduring

the year

Category ofShareholders



g) Flls 0 0 0 0 0 0 0 0 0

h) Foreign Venture 0 0 0 0 0 0 0 0 0Capital Funds

i) Others (specify) 0 0 0 0 0 0 0 0 0

Sub-total (B)(1) : 0 0 0 0 0 0 0 0 0

2. Non-Institutionsa) Bodies Corp.

i) Indian 0 0 0 0 0 0 0 0 0

li) Overseas 0 0 0 0 0 0 0 0 0

b) Individuals 0 0 0 0 0 0 0 0 0i) Individualshareholders holdingnominal share capitalup to Rs. 1 lakh

li) Individual 0 0 0 0 0 0 0 0 0shareholders holdingnominal share capitalin excess of Rs lakh

c) Others (specify) 0 0 0 0 0 0 0 0 0

Sub-total (B)(2) : 0 0 0 0 0 0 0 0 0Total PublicShareholding (B) =(B)(1) + (B)(2)

C. Shares held by 0 0 0 0 0 0 0 0 0Custodian for GDRs& ADRs

Grand Total (A+B+C) 0 454439695 454439695 100 0 454439695 454439695 100 0

No. of Shares held at the No. of Shares held a thebeginning of the year end of the year

Demat Physical Total % Total Demat Physical Total % TotalShares Shares

Category ofShareholders

% Changeduring the

year



Shareholding at the Share holding at thebeginning of the year end of the year

Sl. Shareholder's No. of % of total % of Shares No. of % of total % of SharesNo. Name Shares Shares of Pledged/ Shares Shares of Pledged/

the company encumbered the company encumberedto total to totalshares shares

1. Governor of 454439695 100.00 0 454439695 100.00 0 0Andhra Pradesh

(ii) Shareholding of Promoters :

(iii) Change in Promoters' Shareholding (please specify, if there is no change): NIL

The Company is a State Government Company and 100% Shareholding held by Governorof Andhra Pradesh. There are changes in Nominees of Governor of Andhra Pradesh whichwill not be considered as change in promoters.

(iv) Shareholding Pattern of top ten Shareholders (other than Directors, Promotersand Holders of GDRs and ADRs): NIL

(v) Shareholding of Directors and Key Managerial Personnel:

The Company is a State Government Company and 100% Shareholding held by Governorof Andhra Pradesh. There are changes in Nominees of Governor of Andhra Pradesh whichwill not be considered as change in promoters.

%Changein shareholding

during theyear



V. INDEBTEDNESS :Indebtedness of the Company including interest outstanding/accrued but not due for payment

Secured Loans Unsecured Totalexcluding Loans Deposits Indebtednessdeposits GoAP

Indebtedness at thebeginning of the financial yeari) Principal Amount 17504630137 105283936 - 17609914073ii) Interest due but not paid - - - -iii) Interest accrued but not due 50820557 - - 50820557Total (i+ii+iii) 17555450694 105283936 - 17660734630Change in Indebtednessduring the financial yearAddition 14359362882 - 14359362882Reduction 1909794310 21433400 - 1931227710Net Change 12449568572 - 21433400 - 12428135172Indebtedness at the endof the financial yeari) Principal Amount 29954198709 83850536 - 30038049245ii) Interest due but not paid - - - -lii) Interest accrued but not due 68423984 - - 68423984Total (i+ii+iii) 30022622693 83850536 - 30106473229



VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:

A. Remuneration to Managing Director, Whole-time Directors and/or Manager:

Remuneration Ceilling as

Sl. Name of the MD/WTD (Amount in Rs.) per Act.

and Manager Total Stock Sweat Commi Others Total Amount Option Equity ssion

1 Sri K. Vijayanand, 127983 _ _ _ _ 127983 Not

IAS applicable

2 Sri Mohd. 281712 _ _ _ _ 281712 Not

Anwaruddin applicable

3 Sri. Paradesi 1731890 _ _ _ _ 1731890 Not

Umapathi, IPS (retd.) applicable

4 Sri.Nagaraja 171220 _ _ _ _ 171220 Not

Swamy Rudra applicable

5 Sri. Dinesh 970581 _ _ _ _ 970581 Not

Paruchuri, IRS applicable

6 Sri. Sistu 682307 _ _ _ _ 682307 Not

Subrahmnayam applicable

B. Remuneration to other Directors:

Remuneration (Amount in Rs.)Fee for attending

SI No. Name of the Director board/committee commission others Totalmeetings

1 Dr. P.V. Ramesh, IAS 1750 Nill Nill 1750

2 Sri Ajay Jain, IAS 1750 Nill Nill 1750

TOT AL 3500



C. Remuneration to Key Managerial Personnel other than MD/Manager/WTD: NIL

Sl. Name of the MD/WTDRemuneration

and Manager(Amount in Rs.)

NoGross Stock Sweat Commi Others TotalTotal Option Equity ssion

1 Company Secretary 2295795 - - - - 2295795

TOTAL 2295795

VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES:

For and on behalf of Board of Directors

Sd/-CHAIRMAN

&MANAGING DIRECTOR

DIN: 02138144

Details of Authority AppealSection Penalty [RD/NCLT/ made,of the Brief /Punishment/ COURT] any

Type Companies Description Compounding Details)Act fees imposed

A. COMPANYPenalty

Punishment NIL

Compounding

B. DIRECTORSPenalty NIL

Punishment

Compounding

C. OTHER OFFICERS IN DEFAULTPenalty

Punishment NIL

Compounding

Date : 29/06/2017



Annexure -lManagement's replies to the comments of the Statutory Auditors on the

Annual Accounts for FY 2015-16Statutory Auditors comments Management Replies

2.

3.

4.

1. The Equity of the company has been apportioned toTSTRANSCO however the Share scripts are not physicallytransferred pending at the close of the year amounting toRs.32477.79 lakhs.

The physica| transfer ofshare scripts will bedone after the issuanceof Final orders for theDe-merger of assetsand liabilities betweenAP TRANSCO and TSTRASNCO by Govern-ment.

The Company has allocated to TSTRANSCO Surplus ofRs.166.87 crores in addition share of 41.68% amounting toRs.35600.19 lakhs being balancing figure of the assets andliability. The aforesaid amount of Rs.166.87 crores is receiv-able from TS TRANSCO by the Company and consequentlyassets has been understated and resulting Surplus is alsounderstated by Rs.166.87 crores.

The resulting balancingfigure of the assets andliabilities on FinalDemerger will be ac-counted under "APReorganisation adjust-ment Account"

The following amounts as stated in Note No. 4(d) of Notes toAccounts have been claimed by the company as subsequentevents after the draft demerger plan submitted to "Expert Com-mittee and accounted in books for which specific confirma-tion/acceptance from TST R ANSCO has not been furnishedto us :(i) In respect of accumulated depreciation, amount of

Rs.734.71 lakhs was less TSTRANSCO apportionedto TS TRANSCO as per Draft Demerger Plan submit-ted to Expert Committee, which has since been recti-fied during the year by adjusting the Surplus accountallocated to TSTRANSCO.

(ii) in respect of Current assets amounting to Rs.163.57lakhs was excess allocated to TS TRANSCO in thedraft demerger plan and the same amount has beenadjusted in the accounts during the year affecting theSurplus account.

These adjustments areintimated to andfinalisation of the samewill be done in FinalDe-merger Plan.

In case of following Assets and Liabilities, there is a deviationin methodology adopted by company inallocation as requiredby Section 53 of the AP Reorganization Act, 2014, the detailsare as under:



Statutory Auditors comments Management Replies

Assets Amount Methodology Deviation

Fixed Assets 1658.48 Allocated as To be Allocated(Gross) Crores per Population on Location

Ratio basis.

Depreciation To be allocatedbased onlocation tothe extentof Assetsallocatedon populationratio asstated above

Capital 29.87 Allocated as To beWork in Crores per Allocated onProgress Population Ratio Location basis.Deferred 299.43 Allocated on Subject to After finalisation ofCost Crores location final Adjustrnent employee allocation to

Basis on final AP & TS, balancesallocation will be ascertainedof employees and apportioned.

Consumer 772.95 Allocated as To be The region wiseContribution crores per Allocated unidentified balances

Population on Location are allocated onRatio basis. population ratio.

Income Tax 21.25 Allocated as To beand TDS crores per Allocated In the Final De-merger

Population on Location this will be taken by AP.Ratio basis.

Current 239.57 Allocated as To be The region wiseLiabilities Crores per Allocated unidentified balances

Population on Location are allocated onRatio basis. Population ratio.

Surplus 166.87 Allocated To beCrores Rs.166.87 allocated

crores in on The additional allocationaddition to Population of surplus will bePopulation ratio accounted under "APratio being Reorganisationbalancing adjustment account" infigure of the the Final DemergerPlan.assets andliability

The region wise uni-dentified balancesare allocated onpopulation ratio.



Statutory Auditors comments Management RepliesConsequently, there is impact on assets and liabilities andallocation of Surplus and amount receivable, the amountsremained unascertained.

Further pending acceptance by TS TRANSCO, and ap-proval and notification by the Governments of the State ofAndhra Pradesh and Telangana, as stated in Note No. 4(b)of Notes to Accounts, the finality of the above numbersand the apportionment of the assets and liabilities (includ-ing contingent liabilities, contingent assets, claims etc.,)cannot be determined/confirmed at the date of our report,and hence it is not possible for us to express our opinionon such finality at this stage.

5. The financial statements of the company do not includethe information and disclosures as required by Account-ing Standard (AS) 24- Discontinuing Operations. We areunable to quantify the deviation in the absence of the avail-ability of the financial data of the operations of TSTRANSCO. The assets and Liabilities of the company areunderstated to that extent.

As per A.P.ReorganisationAct,2014,the APTRANSCO hadbeen bifurcated in to APT RANSCO and TSTRANSCO.TSTRANSCO formed as sepa-rate company and its opera-tions are commenced from02.06.2014. Hence, as per theAccounting Standard 24- initialdisclosure event of Discontinu-ing Operations are made inthe FY 2014-15. Thereforethere is no need to disclose thediscounting operations for thecurrent year.

Disclosure regarding issue ofbehalf of Go bonds on AP from2005-06 to 2008-09 is atSl.No.21 of notes to accounts.

6. Vidyut Bonds amounting to Rs. 861.18 Crores are out-standing in the name of the company as on 31.3.2016.Out of the said amount, Rs 511 Crores has been appor-tioned in favour of TSTRANSCO. These bonds are not beenshown in the books of the company. Consequently, theassets and liabilities of the company has been understatedto the tune of Rs 350 Crores, excluding interest.



Annexure - IlManagement's replies to the comments of the C & AG on the Annual Accounts for

FY 2015-16

C & AGs' Comments Management Replies

Current Assets Sundry Receiv-ables - Schedule- 26(e) - Rs.93.07crore2. Deposits - Others - Rs.33.11crore

The above includes Rs.3.59 cr beingthe amount paid to M/s Apex Electri-cal Pvt. Ltd., towards interest on latepayment of supply bills as per courtorders. As the amount was paid to thevendor, the same should have been

As per the Hon'ble High Court of Judicature of AP atHyderabad orders dt.18.1.2012 the amountofRs.3.59 crore was deposited with the Regis-trar (Judicial) in a sealed cover towards certain dis-putes to M/s.APEX Electricals Ltd and accordinglykept the amount under receivable head of account.

The negative balances in CWIP consist of devolu-tion of materials/negative bills due to price varia-tions. Many of the negative balances, as observedby the audit, are the year end transactions againstthe work orders, therefore could not be adjustedagainst the related works in the absence of the de-tails. The same will be analysed vis-a-vis the worksrelating to CEIP and asset capitalised and neces-sary adjustments will be made in FY 2016-17.

As seen by the audit the value of such negative bal-ances are about 0.35% and 0.12% of the CEIP andGross Block of assets respectively.

A. Comments on Financial Position:

Balance SheetNon-Current Assets1. Capital Expenditure in Progress(Schedule-21) - Rs.2318.37 crore

The company issues material forcapital works from its stores. On is-sue of thé stores, the value of the sameis accounted for as Capital Expendi-ture in Progress (CEIP) and the sameis capitalized after completion of thework. In certain cases, left over/un-utilised stores are returned back ordevoluted in subsequent years. Valueof stores devoluted should be reducedfrom the capital cost of the asset. Dur-ing the year 2015-16, stores valued atRs.8.13 crore was devoluted and thesame. was credited to CEIP insteadof reducing from the cost of Assetsalready capitalized. This had resultedin understatement of CEIP and over-statement of Fixed Assets by Rs.8.13crore.



Land data of all the units of APTRANSCO as on31.3.2013 from the inception of APSEB i.e. 1959,was obtained from the units in the FY 2013-14. Theentire land is in the physical possession of theAPTRANSCO units spread across the State. How-ever, the evaluation of availability of the land databank i.e. extent of land, cost of land, land develop-ment cost, land acquired from Government, etc.requires considerable exercise which is to be donefor the last 50 years of historical data.in view of the above exercise involved a generaldisclosure is made from FY 2012-13 onwards onthe land subject in the Schedule-19 (Schedule ofFixed Assets).

B. GENERAL

4. General

i. As on 31 March 2016, the companyhad lands worth of Rs.32.34 crores.Besides, the company also has landsgifted by others. However, the com-pany has updated its land details upto 2012- 13 only without indicating thelocation wise cost. Thus, completedetails of lands of the company as on31 March 2016, lands alienated in itsfavour, land yet to be alienated and giftlands whose value is yet to be takeninto books are not available. This facthas not beenamply disclosed in the. note on ac-counts.

While migrating the balances in ERP an amount ofRs.26.40 crs is depicted in the account head046.900 in APTRANSCO unit. The existing balanceof Rs.10.99 crore as on 31.3.2016 is the resultantbalance after reconciliation and effecting entries inthe units in the previous years against their provi-sions.Since, it is a legacy balance, evaluation will be madeon the above balances and necessary action/adjust-ments will be initiated in FY 2016-17.

Other Current Liabilities(Schedule -28)3. Other Liabilities andProvisions - Rs.320.08 crs.

The "Other Liabilities and Provisions"amounting to Rs.10.99 crores areunadjusted since 2006 without details.Non-adjustment/ non-reconciliation ofthese liabilities had resulted in over-statement of the above head byRs.10.99 crore.

charged off as expenditure in the yearof payment since the amount paid isnon-refundable. Inclusion of interestpaid under Sundry Receivableresulted in its overstatement withcorresponding overstatement of Profitfor the year by Rs.3.39 crore.

The case is still pending in the court.Necessary adjustments will be made in theaccounts in accordance with the final judgmentpronounced by the Hon'ble Court please.




The IDC has been computed by APTRANSCO asoutlined in Para 1.43 of Annexure V of ESAARRules, 1985. Further the IDC shall be carried out athead office of the Board as per Para 1.42 of ESAARRules, 1985. The portion of interest payable allo-cated to Assets at Construction Stage (ACS) wouldrepresent the amount of interest to be capitalizedand charged to CWIP at the end of the year. Simi-larly, all the expenditure identifiable for constructionactivity is also charged to the CWIP by the field of-fices in proportion to the cost of the asset. As the

iii. As per the statement of account-ing policies of the company, all ex-penses during the construction periodare capitalized up to the date ofcompletion of the project/asset. How-ever, instead of allocating interest tocapital works during the constructionperiod on proportionate basis to thecapital works concerned, Interest Dur-ing Construction (IDC) has been ex-hibited as a separate asset which was

ii. As on 31 March 2016, the companyhad fixed assets of Rs.6771.77 crore.Though the company stated to haveconducted physical verification of fixedassets, physical verification reportsproduced to audit contained only a cer-tificate stating that the fixed assetshave been physical verified as on 31March 2016 without mentioning thedetails of fixed assets verified. In ab-sence of the details of fixed assets asper books of accounts and fixed as-sets physically verified, whether all thefixed assets shown in the books ofaccounts actually existed as on 31March 2016 could not be ensured.

The assets have been physically verified during theyear and are in physical possession of the unitsspread across the state and are certified oy the fieldunit officers. No material discrepancies have beennoticed / reported on such verification by the fieldunit officers.

As observed by the audit for specific and accurateland details, it is contemplated to form a Commit-tee at the Zonal level consist of Technical and fi-nancial officials to prepare Land details/data bankwith all such details which is essential as observedby the audit.

Finalization of the land bank information involves/take considerable time. However, the land databank will be prepared based on the Committee re-ports and produced to audit on compilation.




cost of each of the asset is not identifiable at Head-quarters, the IDC arrived at Headquarters is beingcharged as a separate item to CWIP initially and inthe subsequent financial year it is being capitalizedduly allocating a separate asset ID on which depre-ciation is charged. It is further.to state that all theassets capitalized are built up with the partly bor-rowed funds or need not be built up with the bor-rowed funds.

Further, it is to state that the individual assets arecapitalized at the field units after finalization of theconsolidated accounts the IDC will be calculated inthe HQ and it is not possible to load the IDC propor-tionately to the individual assets which are alreadycapitalized by the unit offices. Therefore, chargingof IDC for all the capitalized assets is not appropri-ate, therefore kept as separate identified amount.

APTRANSCO is following the procedure consis-tently year on year

not proper. As a result, actual cost ofindividual assets does not reflect cor-rect picture.




INDEPENDENT AUDITOR’S REPORT

ToThe Members,Transmission Corporation of Andhra Pradesh Limited

Report on the Financial Statements

We have audited the accompanying financial statements of Transmission Corporationof Andhra Pradesh Limited, which comprise the Balance Sheet as at March 31, 2016, theRevenue Account and Cash Flow Statement for the year ended on that date, and a summary ofsignificant accounting policies and other explanatory information.

Management’s Responsibility for the Financial Statements

The Company’s Board of Directors is responsible for the matters stated in Section134(5) of the Companies Act, 2013 (“the Act”) with respect to the preparation and presentationof these financial statements that give a true and fair view of the financial position, financialperformance and Cash flows of the Company in accordance with the accounting principlesgenerally accepted in India, including the Accounting Standards specified under Section 133 ofthe Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility alsoincludes maintenance of adequate accounting records in accordance with the provisions of theAct for safeguarding the assets of the Company and for preventing and detecting frauds andother irregularities; selection and application of appropriate accounting policies; makingjudgments and estimates that are reasonable and prudent; and design, implementation andmaintenance of adequate internal financial controls, that were operating effectively for ensuringthe accuracy and completeness of the accounting records, relevant to the preparation andpresentation of the financial statements that give a true and fair view and are free from materialmisstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on ouraudit.

We have taken into account the provisions of the Act, the accounting and auditingstandards and matters which are required to be included in the audit report under the provisionsof the act and rules made there under.

We conducted our audit in accordance with the Standards on Auditing specified underSection 143(10) of the Act. Those Standards require that we comply with ethical requirementsand plan and perform the audit to obtain reasonable assurance about whether the financialstatements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amountsand the disclosures in the financial statements. The procedures selected depend on the auditor’sjudgment, including the assessment of the risks of material misstatement of the financialstatements, whether due to fraud or error. In making those risk assessments, the auditorconsiders internal financial control relevant to the Company’s preparation of the financial



statements that give a true and fair view, in order to design audit procedures that are appropriatein the circumstances, but not for the purpose of expressing an opinion on whether the Companyhas in place an adequate internal financial controls system over financial reporting and theoperating effectiveness of such controls. An audit also includes evaluating the appropriatenessof the accounting policies used and the reasonableness of the accounting estimates made bythe Company’s Directors, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the financial statements.

Basis for Qualified Opinion

Section 53 of The Andhra Pradesh Reorganization Act 2014, required the Company toapportion its assets and liabilities as on the appointed date i.e,2nd June 2014, in the mannerspecified therein, between itself and Transmission corporation of Telangana Limited(TSTRANSCO). The manner in which the said apportionment has been carried out as at thedate of the financial statements under report was as stated in Note No. 4 of Notes to Accountsin the financial statements.

1. The Equity of the company has been apportioned to TSTRANSCO however the Sharescripts are not physically transferred pending at the close of the year amounting toRs.32477.79 lakhs.

2. The Company has allocated to TSTRANSCO Surplus of Rs.166.87 crores in additionshare of 41.68% amounting to Rs.35600.19 lakhs being balancing figure of the assetsand liability. The aforesaid amount of Rs.166.87 crores is receivable from TS TRANSCOby the Company and consequently assets has been understated and resulting Surplusis also understated by Rs.166.87 crores.

3. The following amounts as stated in Note No. 4(d) of Notes to Accounts have been claimedby the company as subsequent events after the draft demerger plan submitted to “ExpertCommittee and accounted in books for which specific confirmation/acceptance fromTSTRANSCO has not been furnished to us :

(i) In respect of accumulated depreciation, amount of Rs.734.71 lakhs was lessapportioned to TS TRANSCO as per Draft Demerger Plan submitted to ExpertCommittee, which has since been rectified during the year by adjusting theSurplus account allocated to TSTRANSCO.

(ii) In respect of Current assets amounting to Rs.163.57 lakhs was excess allocatedto TS TRANSCO in the draft demerger plan and the same amount has beenadjusted in the accounts during the year affecting the Surplus account.

4. In case of following Assets and Liabilities, there is a deviation in methodology adopted bycompany in allocation as required by Section 53 of the AP Reorganization Act, 2014, thedetails are as under:



Assets Amount Methodology DeviationFixed Assets 1658.48 Crores Allocated as per To be Allocated on Location basis.(Gross) Population RatioDepreciation To be allocated based on location

to the extent of Assets allocated onpopulation ratio as stated above

Capital Work 29.87 Crores Allocated as per To be Allocated on Location basis.in Progress Population RatioDeferred Cost 299.43 Crores Allocated on Subject to final Adjustment on

Location Basis final allocation of employeesConsumer 772.95 crores Allocated as per To be Allocated on Location basis.Contribution Population RatioIncome Tax 21.25 crores Allocated as per To be Allocated on Location basis.and TDS Population RatioCurrent 239.57 Crores Allocated as per To be Allocated on Location basis.Liabilities Population RatioSurplus 166.87 Crores Allocated Rs.166.87 To be allocated on

crores in addition to Population ratioPopulation ratio beingbalancing figure of theassets and liability

Consequently, there is impact on assets and liabilities and allocation of Surplus and amountreceivable, the amounts remained unascertained.

Further pending acceptance by TS TRANSCO, and approval and notification by theGovernments of the State of Andhra Pradesh and Telangana, as stated in Note No. 4(b) ofNotes to Accounts, the finality of the above numbers and the apportionment of the assetsand liabilities (including contingent liabilities, contingent assets, claims etc.,) cannot bedetermined/confirmed at the date of our report, and hence it is not possible for us toexpress our opinion on such finality at this stage.

5. The financial statements of the company do not include the information and disclosuresas required by Accounting Standard (AS) 24- Discontinuing Operations. We are unable toquantify the deviation in the absence of the availability of the financial data of the operationsof TS TRANSCO. The assets and Liabilities of the company are understated to thatextent.

6. Vidyut Bonds amounting to Rs. 861.18 Crores are outstanding in the name of the companyas on 31.3.2016. Out of the said amount, Rs 511 Crores has been apportioned in favourof TSTRANSCO. These bonds are not been shown in the books of the company.Consequently, the assets and liabilities of the company has been understated to the tuneof Rs 350 Crores, excluding interest.



Qualified Opinion

In our opinion and to the best of our information and according to the explanations given tous, except for the effects of the matters stated in our Basis of Qualified Paragraph above,the financial statements give the information required by the Act in the manner so requiredand give a true and fair view in conformity with the accounting principles generally acceptedin India:

(a) in the case of the Balance Sheet, of the state of affairs of the Company as at 31st March,2016.

(b) in the case of the Revenue Account, of the surplus of the company for the year ended onthat date;

(c) in the case of the Cash Flow Statement, of the cash flows for the year ended on that date.

Emphasis of Matters:

7. Without qualifying our opinion, attention is drawn to the following;

i) The employee benefits such as pension, gratuity and earned leave encashment of theemployees of the company are administered through respective trusts i.e, APTRANSCOPension and Gratuity Trust, APTANSCO Gratuity Trust, APTRANSCO Earned LeaveEncashment Trust. The balances of these trusts in the books of the company are subjectto reconciliation. Since the amount of differences, if any is not known, we are unable toquantify the same.

ii) Note no.5 and 23 with regard to:-

The continuance of the charge and the amount outstanding on the loans on assetsapportioned to TSTRANSCO, amounting to Rs 1725.96 Crores as on 02.06.2014, in thename of the company.

iii) Note no: 22 with regard to:

Loans raised on behalf of the DISCOMS upto the year 2004-05 amounting to Rs 52.27Crores as on 31.3.2016 continued to be shown in the name of the company, despite thesame having been transferred to the DISCOMS vide the Third Transfer Scheme.

iv) Note No. 11 with regard to –

Non accounting of demand raised on TSDISCOMS for transmission and SLDC chargesof Rs.236.18 Crores (Previous 10 months: Rs. 177.95 Crores) due to non-finalisation ofLTTA (Long Term Transmission Agreement) with those DISCOMS.

v) Note No. 13 with regard to –

W.r.t non creation of liability for Rs 4.08 Crores towards bills raised by TSTRANSCO forcommon expenditure.



vi) Note 19 and 20 of financials with regard to:

The whole of the contingency reserve investments amounting to Rs. 90.99 Crores andInvestments other than fund investments amounting to Rs.587 crores including thoseapportioned to TSTRANSCO on demerger, continue to be held in the name of thecompany.

vii) The direct confirmation of Loans & Advances, Sundry debtors and creditors have notbeen obtained and produced for verification. We are therefore unable to quantify theamounts out of the above which may need reconciliation.

viii) Note no: 14 with regard to:

Accounting of maintenance charges, Surcharge on belated payments from consumerson cash basis contrary to accounting policy 3.

ix) Note no: 17 with regard to:

Investment of Rs. 8.44 Crores in GVK power Infrastructure Limited: The market value ofthe investment has been consistently below the cost line during the past 4 years and thevalue as on 31.3.2016 was Rs.4.30 Crores. The company has not made provision fordiminution in the fair value.

x) Note no: 27 with regard to

The assets are overvalued to the extent of land transferred to GVMC. We are unable toquantify the same due to non-availability of value of land.

xi) We are unable to quantify the capital commitments of the company as on the date of thebalance sheet due to non-availability of required information.

Report on Other Legal and Regulatory Requirements

As required by the Companies (Auditor’s Report) Order, 2016, issued by the CentralGovernment of India in terms of sub-section (11) of section 143 of the Act (hereinafterreferred to as the “Order”) and on the basis of such checks of the books and records ofthe Company as we considered appropriate and according to the information andexplanations given to us, we give in the Annexure-1, a statement on the matters specifiedin the paragraph 3 and 4 of the Order, to the extent applicable.

The accounts of the company have been maintained and compiled its Annual Statementof Accounts in accordance with the related provisions of the Electricity (Supply) Act, 1948and the Rules made there under in consonance with Section 129 (1) and (1)(d) of theCompanies Act, 2013. Further Section 185 (2) (d) of The Electricity Act 2003 specifiesthat ESAAR were not repealed. The Electricity (Supply) (Annual Accounts) Rules 1985are followed consistently to present a true and fair view on the financial position andoperation results of the company.

8. As required by section 143(3) of the Act, we report that:

a. We have obtained all information and explanations to the best of our knowledge andbelief were necessary for the purpose of the audit;



b. In our opinion, proper books of accounts as required by law have been kept by thecompany so far as it appears from our examination of those books;

c. The Balance sheet, Revenue account and Cash Flow Statement dealt with by thisreport are in agreement with the books,

d. In our opinion, the aforesaid financial statements comply with the AccountingStandards specified under section 133 of the Act, read with rule 7 of the companies(Accounts) Rules, 2014.

e. On the basis of the written representations received from the directors as on 31st

March, 2016 taken on record by the Board of Directors, none of the directors isdisqualified as on 31st March, 2016 from being appointed as a director in terms ofsection 164(2) of the Act.

f. With respect to the other matters to be included in the Auditor’s Report in accordancewith Rule 11 of the Companies (Audit and Auditors) Rules, 2014in our opinion andto the best of our information and according to the explanations given to us:

i) The company has disclosed the impact of pending litigations as on 31st March,2016 on its financial position in its financial statements.

ii) The company has made provision, under applicable law or Accountingstandards, for material foreseeable losses, if any, on long term contracts.The company neither entered into any derivative contracts during the year norhave any outstanding derivative contract at the end of the year.

iii) There was no requirement to transfer any amount to the Investor Educationand Protection Fund by the company during the year ended 31st March, 2016.

For Jawahar and AssociatesChartered Accountants

Sd/-V. JawaharPartner

Place: Hyderabad M.No: 023489Date:4-04-2017. FRN: 01281S



Annexure-1 to the Auditor’s Report(Transmission Corporation of Andhra Pradesh Limited)

(Annexure referred to in point 10 of Report of Other Legal and Regulatory Requirements ofthe Report of the Auditors)

1. (i) The Company has maintained proper records showing full particulars, includingquantitative details and situation of fixed assets.

(ii) The fixed assets have been physically verified by the management during the year asper a programme of verification which, in our opinion, is reasonable having regard tothe size of the company and the nature of its assets.

(iii) The discrepancies noticed on physical verification of fixed assets as compared to thebook records were not material and have been property dealt with in the books ofaccount.

2. (i) As per the information and explanation given to us, physical verification of inventoryhas been conducted by the management at reasonable intervals.

(ii) The procedure of physical verification followed by the management was reasonableand adequate in relation to the size of the company and the nature of the business.

(iii) The company is maintaining proper records of inventory and there are no materialdiscrepancies on such verifications.

3. According to the information and explanation given to us the Company has not grantedloans to parties covered in the register required to be maintained under section 189of the Companies Act, 2013.

4. In our opinion and according to the information and explanation given to us, the companyhas complied with all the provisions of Section 185 and 186 of the Companies Act,2013.

5. According to the information and explanation given to us, the company has not acceptedany deposits in terms of directives issued by Reserve Bank of India and the provisionsof Sections 73 to 76 or any other relevant provisions of the Companies Act and therules framed there under.

6. We have broadly reviewed the books of accounts maintained by the Company pursuantto the rules made by the Central Government for the maintenance of cost records u/s148(1) of the Companies Act, 2013 and we are of the opinion that the prescribed accountsand records have been made and maintained properly.

7. (i) According to the information and explanation given to us, the company is generallyregular in depositing with appropriate authorities undisputed statutory dues including,provident fund, Income Tax, VAT, Service Tax and other statutory dues. The undisputedamounts payable which were in arrears as on 31.03.2016 for a period of 6 months ormore from the date they become payable are as follows:



a) Entry tax- Entry tax payable by the company amounting to Rs. 12.83 Crores, pendingfor payment for more than 6 months.

b) Sales tax- Sales tax payable by the company to the government amounting to Rs.2.81Crores, pending for payment for more than 6 months.

(ii) According to the information and explanations given to us, the details of dues of SalesTax, Entry Tax and ESI which have not been deposited on account of disputes aregiven below:-

8. According to the records of the Company examined by us and the information andexplanation given to us, the Company has not defaulted in repayment of dues to anyfinancial institutions, Banks or Government.

9. i) According to the information and explanations given to us, the Company has not raisedany money by way of initial Public offer or further public offer.

ii) In our opinion, the term loans raised by the company have been applied for the purposefor which they were raised.

Name Financial Forum where (Rs. in lakhs) of the year to dispute Statute which the is pending Total amount Amount paid Balance

matter Disputed as per Court pertains Directions

Interest 1994-95 to 6584.28 6584.28 on 1996-97 High Court of AP APGST 1996-97 & 2304.74 2304.74

1997-98 VAT 2005-06 High Court of AP 3.89 3.17 0.72 CST 2005-06 High Court of AP 15.01 7.50 7.51

2002-03 1235.09 1235.092003-04 Supreme Court 342.83 171.42 171.41

Entry Tax 2004-05 of India 963.43 481.71 481.722005-06 672.27 87.89 584.382005-06 359.02 63.60 295.422006-07 High Court of AP 1405.18 702.59 702.59

Income 2012-13 Commissioner of 14567.00 2260.87 12306.13 Tax Act 2013-14 IT appeals 9962.00 1494.00 8468.00 Total 38414.74 5272.75 33141.99

Disputed claims of Sales Tax, Entry Tax, etc. as on 31st March 2016



10. According to the information and explanations given to us, we have neither come acrossany instance of fraud on or by the Company, noticed or reported during the year, norhave been informed of such case by the management.

11. According to the information and explanations given to us, the managerial remunerationpaid by the company is within the limits prescribed under section 197 of the CompaniesAct, 2013.

12. This clause is not applicable as it is not a Nidhi company.

13. According to the information and explanations given to us, all the related partytransactions and their disclosure are in compliance with sections 177 and 188 of theCompanies Act, 2013.

14. According to the information and explanations given to us, the company has not madeany preferential allotment or private placement of shares or issued any fully or partlyconvertible debentures during the year.

15. According to the information and explanations given to us, the company has not enteredinto any non-cash transactions with the directors or persons connected with him duringthe year.

16. The company is not required to be registered under section 45-IA of the Reserve Bankof India Act, 1934.


Sd/-V. JawaharPartner

Place: Hyderabad M.NO: 023489Date: 4-04-2017 FRN:01281S



ANNEXURE 2

TO THE INDEPENDENT AUDITOR’S REPORT OF EVEN DATE ON THE FINANCIALSTATEMENTS OF TRANSMISSION CORPORATION OF ANDHRA PRADESH LIMITEDReport on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section143 of the Companies Act, 2013 (“the Act”)

We have audited the internal financial controls over financial reporting of TransmissionCorporation of Andhra Pradesh Limited (“the Company”) as of March 31, 2016 in conjunctionwith our audit of the financial statements of the Company for the year ended on that date.

Management’s Responsibility for Internal Financial Controls

The Company’s management is responsible for establishing and maintaining internalfinancial controls based on the internal control over financial reporting criteria established bythe Company considering the essential components of internal control stated in the “GuidanceNote on Audit of Internal Financial Controls over Financial Reporting issued by the Institute ofChartered Accountants of India”. These responsibilities include the design, implementationand maintenance of adequate internal financial controls that were operating effectively forensuring the orderly and efficient conduct of its business, including adherence to company’spolicies, the safeguarding of its assets, the prevention and detection of frauds and errors, theaccuracy and completeness of the accounting records, and the timely preparation of reliablefinancial information, as required under the Companies Act, 2013.

Auditors’ Responsibility

Our responsibility is to express an opinion on the Company’s internal financial controlsover financial reporting based on our audit. We conducted our audit in accordance with theGuidance Note on Audit of Internal Financial Controls Over Financial Reporting (the “GuidanceNote”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section143(10) of the Companies Act,2013, to the extent applicable to an audit of internal financialcontrols, both applicable to an audit of Internal Financial Controls and, both issued by the Instituteof Chartered Accountants of India. Those Standards and the Guidance Note require that wecomply with ethical requirements and plan and perform the audit to obtain reasonable assuranceabout whether adequate internal financial controls over financial reporting was established andmaintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacyof the internal financial controls system over financial reporting and their operating effectiveness.

Our audit of internal financial controls over financial reporting included obtaining anunderstanding of internal financial controls over financial reporting, assessing the risk that amaterial weakness exists, and testing and evaluating the design and operating effectiveness ofinternal control based on the assessed risk. The procedures selected depend on the auditor’sjudgement, including the assessment of the risks of material misstatement of the financialstatements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate toprovide a basis for our audit opinion on the Company’s internal financial controls system overfinancial reporting.



Meaning of Internal Financial Controls over Financial Reporting

A company’s internal financial control over financial reporting is a process designed toprovide reasonable assurance regarding the reliability of financial reporting and the preparationof financial statements for external purposes in accordance with generally accepted accountingprinciples. A company’s internal financial control over financial reporting includes those policiesand procedures that

1. Pertain to the maintenance of records that, in reasonable detail, accurately and fairlyreflect the transactions and dispositions of the assets of the company;

2. Provide reasonable assurance that transactions are recorded as necessary to permitpreparation of financial statements in accordance with generally accepted accountingprinciples, and that receipts and expenditures of the company are being made only inaccordance with authorisations of management and directors of the company; and

3. Provide reasonable assurance regarding prevention or timely detection of unauthorisedacquisition, use, or disposition of the company’s assets that could have a material effecton the financial statements.

Inherent Limitations of Internal Financial Controls over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting,including the possibility of collusion or improper management override of controls, materialmisstatements due to error or fraud may occur and not be detected. Also, projections of anyevaluation of the internal financial controls over financial reporting to future periods are subjectto the risk that the internal financial control over financial reporting may become inadequatebecause of changes in conditions, or that the degree of compliance with the policies orprocedures may deteriorate.

Opinion

In our opinion, the Company has, in all material respects, an adequate internal financialcontrols system over financial reporting and such internal financial controls over financialreporting were operating effectively as at March 31, 2016, based on the internal control overfinancial reporting criteria established by the Company considering the essential componentsof internal control stated in the “Guidance Note on Audit of Internal Financial Controls OverFinancial Reporting issued by the Institute of Chartered Accountants of India”.


Sd/-V. Jawahar

Place: Hyderabad M.No: 023489Date: 04-04-2017. FRN: 01281S



REPORT ON THE DIRECTIONS/SUB-DIRECTIONS ISSUED BY THE OFFICE OF THEACCOUNTANT GENERAL (ECONOMIC & REVENUE SECTOR AUDIT) ECONOMIC SECTOR –II

ANDHRA PRADESH AND TELANGANA HYDERABAD-500004.

Sl. Directions Action Taken Impact onNo. /Sub-Directions financial

statementA. Directions1. Whether the company has clear title /lease The Company had clear title for

deeds for freehold and leasehold land for free hold and lease hold land except Nilwhich title /lease deeds are not available Note No-27 of Notes to accounts.

2. Whether there are any cases of waiver During our audit we have not come/write off of debt/loans/interest etc.,if yes, across any such cases of waiver/ Nilthe reasons there for and the amount write off of debt/loans /interest.involved

3. Whether proper records are maintained The Company does not have anyfor inventories lying with the third parties inventory lying with the third parties && assets received as gift / grant (s) from the company does not received any NilGovernment or other authorities. assets as gift/ grant from government

and proper records were maintainedfor assets received from private parties.

B. Sub-Directions1. Adequacy of steps to prevent encroach- All the lands of Sub-stations are

ment of idle land owned by Company protected with boundary walls and may be examined. In case land of the fencing. There is no encroachment Company is encroached, under litigation, of land of APTRANSCO and as per Nil not to put to use or declared surplus, the information obtained from field details may be provided units and there are no litigations

except Note. No - 27 of Notes to Accounts and surplus of land and all the lands are put to use.

2. Whether the Company has an effective A. Receivables from the DISCOMS system for recovery of revenue as per are monitored by a committee i.e. contractual terms and the revenue is (APPCC). For third party gene- Nil properly accounted for in the books of rators, open access consumers accounts in compliance with the appli- two months. cable Accounting Standards? two months deposit is collected

before giving corridor permission.

B. All the revenue of transmissionand SLDC charges to DISCOMSis billed as per the capacity deter-mined by the APERC. For openaccess and third party is billedas per the permissions accordedfor corridor availability except asmentioned in Note No.11



For Jawahar and Associates,Chartered AccountantsFRN : 12815

Sd/-V. Jawahar

Place : Hyderabad M. No. 023489Date 20.04.2017. Partner

C. The Company has effectivesystem of recovery of revenue.

D. The applicable Accounting Stan-dards are followed in this regard. Nil

3. How much cost has been incurred on There are no abandoned projectsabandoned projects and out of this how in the FY 2015-16. Nilmuch cost has been write off?

4. How much transmission loss in excess Transmission losses for the FYof prescribed norms has been incurred 2015-16 are 3.37% for residual APduring the year and whether the same which is lesser than approved by Nilbeen properly accounted for in the APERC.books of accounts?

5. Whether the assets constructed and As per ESAAR 1985 all DC workcompleted on behalf of other agencies are accounted as per paragraphand handed over to them has been 2.34 of Annexure- III, against the Nilproperly accounted for in the financial Consumer Contribution receivedstatements. from other agencies.



COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OFINDIA UNDERSECTION 143(6)(b) OF THE COMPANIES ACT, 2013 ON THE FINANCIAL STATEMENTSOF TRANSMISSION CORPORATION OFANDHRA PRADESH LIMITED, HYDERABAD FORTHE YEAR ENDED 31 MARCH 2016

The preparation of financial statements of Transmission Corporation of Andhra PradeshLimited, Hyderabad for the year ended 31 March 2016 in accordance with the financial reportingframework prescribed under the Companies Act, 2013 is the responsibility of the managementof the company. The statutory auditors appointed by the Comptroller and Auditor General ofIndia under section 139(5) of the Act are responsible for expressing opinion on the financialstatements under section 143 of the Act based on independent audit in accordance with thestandards on auditing prescribed under section 143( 10) of the Act. This is stated to have beendone by them vide their Audit Report dated 04 April 2017.

I, on the behalf of the Comptroller and Auditor General of India, have conducted asupplementary audit under section 143(6)(a) of the Act of the financial statements of TransmissionCorporation of Andhra Pradesh Limited, Hyderabad for the year ended 31 March 2016. Thissupplementary audit has been carried out independently without access to the working papersof the statutory auditors and is limited primarily to inquiries of the statutory auditors and companypersonnel and a selective examination of some of the accounting records. Based on mysupplementary audit, I would like to highlight the following significant matters under section143(6)(b) of the Act which have come to my attention and which in my view are necessary forenabling better understanding of the financial statements and the related audit report:

A. COMMENTS ON FINANCIAL POSITION:Balance SheetNon-current Assets

1. Capital Expenditure in Progress (Schedule - 21) – Rs. 2318.37 croreThe company issues material for capital works from its stores. On issue of the stores, thevalue of the same is accounted for as Capital Expenditure in Progress (CEIP) and the same iscapitalised after completion of the work. In certain cases, left over/unutilized stores are returnedback or devoluted in subsequent years. Value of stores devoluted should be reduced from thecapital cost of the Asset. During the year 2015-16, stores valued at Rs.8.13 crore was devolutedand the same was credited to CEIP instead of reducing from the cost of Assets alreadycapitalised. This had resulted in understatement of CEIP and overstatement of Fixed Assets byRs.8.13crore.

Current AssetsSundry Receivables - Schedule - 26 (e) – Rs. 93.07 crore2. Deposits - Others – Rs.33.11 croreThe above includes Rs.3.59 being the amount paid to M/s. Apex Electrical Pvt. Ltd., towardsinterest on late payment of supply bills as per court orders. As the amount was paid to thevendor, the same should have been charged off as expenditure in the year of payment since theamount paid is non-refundable. Inclusion of interest paid under Sundry Receivable resulted inits overstatement with corresponding overstatement of Profit for the year by Rs.3.39 crore.



Other Current Liabilities (Schedule - 28)3. Other Liabilities and Provisions – Rs.320.08 croreThe “Other Liabilities and Provisions” amounting to Rs.10.99 crore are unadjusted since 2006without details. Non-adjustment/non-reconciliation of these Liabilities had resulted inoverstatement of the above head by Rs.10.99 crore.

B. GENERAL:4. Generali) As on 31 March 2016, the company had lands worth Rs.32.34 crore. Besides, the

company also has lands gifted by others. However, the company has updated its land detailsup to 2012-13 only without indicating the location wise cost. Thus, complete details of landsof the company as on 31 March 2016, lands alienated in its favour, lands yet to be alienatedand gift lands whose value is yet to be taken into books are not available. This fact has notbeen amply disclosed in the note on accounts.

ii) As on 31 March 2016, the company had fixed assets of Rs.6,771.77 crore. Though thecompany stated to have conducted physical verification of fixed assets, physical verificationreports produced to audit contained only a certificate stating that the fixed assets have beenphysically verified as on 31 March 2016 without mentioning the details of fixed assets verified.In absence of the details of fixed assets as per books of accounts and fixed assets physicallyverified, whether all the fixed assets shown in the books of accounts actually existed as on31 March 2016 could not be ensured.

iii) As per the statement of accounting policies of the company, all expenses during theconstruction period are capitalized up to the date of completion of the project/ asset. However,instead of allocating interest to capital works during the construction period on proportionatebasis to the capital works concerned, Interest During Construction (IDC) has been exhibitedas a separate asset which was not proper. As a result, Actual cost of individual assets doesnot reflect correct picture.

for and on the behalf ofthe Comptroller and Auditor General of India

Sd/-

Place: Hyderabad (L.V.SUDIR KUMAR)Date: 20.06.20 17 Principal Accountant General (Audit)



REVENUE ACCOUNTÄ<ëj·TeTT nøö+{Ÿ

STATEMENT - 1$es¡D `1

(Rs.in lakhs)(\ø£å\ s¡÷bÕj·T\˝À)

Sch. Schedule Note This Year Previous Year No. nqT dü÷∫ø£ 2015-16 2014-15

á dü+e‘·‡s¡eTT ÁøÏ+<ä{Ï dü+e‘·‡s¡eTT

INCOMEÄ<ëj·TeTT

1 Revenue from Transmission & SLDC Charges 84260.30 108999.32$<äT´‘Y $‘·s¡D eT]j·TT sêÅw”ºj·T $<äT´‘Y |ü+|æD° πø+Á<ä #êØ®\T

4 Revenue Subsidies and grants 0.00 0.00Ä<ëj·TeTT |ü<äT› ÁøÏ+<ä Á|üuÛÑT‘·« düVü≤j·TeTT\T, Á>±+≥T¢

5 Other Income 12499.02 7396.11Ç‘·s¡ Ä<ëj·TeTT\T

TOTAL 96759.32 116395.42yÓTT‘·ÔeTT

EXPENDITURE Ks¡TÃ\T

8 Repairs & Maintenance 12693.49 12766.48eTs¡eTà‘·TÔ\T eT]j·TT ìs¡«Vü≤D

9 Employee Costs 35833.80 57779.74ñ<√´>∑T\ J‘·uÛÑ‘ê´\T

10 Administration & General Expenses 4219.03 3901.03|ü]bÕ\q eT]j·TT kÕ<Ûës¡D Ks¡TÃ\T

11 Depreciation and Related expenses (Net) 27406.10 28653.60‘·s¡T>∑T<ä\ eT]j·TT dü+ã+~Û‘· Ks¡TÃ\T (ìø£s¡eTT)

12 Interest and Finance charges 25318.05 21063.42e&û¶ eT]j·TT Ä]úø£ Ks¡TÃ\T

Sub-Total 105470.47 124164.27 Less: Expenses Capitalised

‘·–Z+|ü⁄ ô|≥Tºã&ç U≤‘ê≈£î e÷]Ãq Ks¡TÃ\T 13 Interest and Finance charges capitalised 12509.00 7800.00

ô|≥Tºã&ç U≤‘ê≈£î e÷]Ãq e&ç¶ eT]j·TT Ä]úø£ Ks¡TÃ\T

14 Expenses capitalised 9774.86 8901.02ô|≥Tºã&ç U≤‘ê≈£î e÷]Ãq Ç‘·s¡ Ks¡TÃ\T

Sub-Total 22283.86 16701.02



Statements 4 & 5 form an integral part of Annual Statement of Accounts

15 Other Debits 47.02 128.78Ç‘·s¡ Ks¡TÃ\T

16 Extra-ordinary items 290.52 2030.63nkÕ<Ûës¡D u≤|ü‘·T\T

18 Net prior period( Credits )/Charges (160.22) (34.17)ìø£s¡ yÓqTø£{Ï dü+e‘·‡s¡|ü⁄ Ks¡TÃ\T / (»eT)

Sub-Total 177.32 2125.24

TOTAL EXPENDITURE 83363.93 109588.49yÓTT‘·Ô+ Ks¡TÃ

PROFIT / (LOSS) BEFORE TAX 13395.39 6806.93˝≤uÛÑeTT / (qwüºeTT) |üqTï eTT+<äT

17 Current Tax 2858.79 3699.73Á|üdüTÔ‘· |üqTï

Mat Credit Entitlement (2858.79) 0.00 Deferred tax (Liability) / Asset (4850.77) 1912.13

uÛÑ$wü ‘·TÔ |üqTï πø{≤sTT+|ü⁄

Profit / (Loss) After Tax carried over toAppropriation account 8544.62 5019.33˝≤uÛÑeTT |üqTï ‘·s¡Tyê‘· $ìjÓ÷>∑|ü⁄ …ø£ÿ≈£î ‘·s¡*+|ü⁄

REVENUE ACCOUNTÄ<ëj·TeTT nøö+{Ÿ

STATEMENT - 1 (contd.1)

$es¡D `1


Sch. Schedule Note This Year Previous YearNo. nqT dü÷∫ø£ 2015-16 2014-15


As per our Report of even datefor Jawahar and Associates.,Chartered AccountantsFRN: 01281S

For and on behalf of the Board ofTransmmission Corporation of A.P. Ltd.,

Sd/-V.JawaharPartnerM.No.023489Place: Hyderabad.Date:04/04/2017

Sd/-(K.Vijayanand)Chairman & Managing Director

Sd/-(Dinesh Paruchuri)Joint Managing Director(Fin.Comm., IPC, HRD & IT &Chief Financial Officer (CFO)

Sd/-(V.B.S. Kumara Gupta)Financial Advicer & ChiefCotroller of Accounts (Accounts) (FAC)

Sd/-(M. Karunakar Reddy)Company Secretary



NET REVENUE AND APPROPRIATION ACCOUNTìKs¡ Ä<ëj·TeTT eT]j·TT $ìjÓ÷>∑|ü⁄ …ø£ÿ

STATEMENT- 2$es¡D `2


Particulars This Year 2015-16 Previous Year 2014-15 nqT dü÷∫ø£ á dü+e‘·‡s¡eTT ÁøÏ+<ä{Ï dü+e‘·‡s¡eTT

Balance brought forward from last year 32614.86 80932.09ÁøÏ+<ä{Ï dü+e‘·‡s¡eTT qT+&ç rdüT≈£îsêã&çq yÓTT‘·ÔeTT

Appropriations: Contingency Reserve 293.39 283.47Surplus transfer to TSTRANSCO 53053.09Add: Transfer from Contingency Reserve 2321.15 0.00Surplus from Revenue Account 8544.62 5019.33Balance carried forward 43187.25 32614.86eTT+<äT dü+e‘·‡s¡eTTq≈£î rdüT≈£îb˛ã&çq yÓTT‘·Ô+











BALANCE SHEETÄdæú Ä|ü\ |ü{Ïºø£



Sch. Schedule Note This year Previous YearNo. nqTdü÷∫ø£ 2015-16 2014-15


NET ASSETS : ìø£s¡ ÄdüTú\T

19 Gross Block 677176.62 564776.57dü÷ú\ eT÷\´eTT

Less: Accumulated Depreciation 287084.45 259678.35‘·–Z+|ü⁄: ‘·s¡T>∑T<ä\ ì~ÛøÏ πø{≤sTT+|ü⁄\ yÓTT‘·ÔeTT

Net Fixed Assets 390092.17 305098.21ìø£s¡ dæúsêdüTú\T

21 Capital Expenditure in progress 231836.99 129391.64»s¡T>∑T‘·Tqï |üqT\ô|’ ô|≥Tºã&ç Ks¡TÃ\T

22 Assets not in use 0.00 0.00$ìjÓ÷>∑+˝À Òì ÄdüTú\T

23 Deferred Costs 0.00 0.00uÛÑ$wü ‘·TÔ À düs¡T›u≤≥T #j·Te\dæq Ks¡TÃ\T

24 Intangible Assets 0.00 0.00s¡÷bı+<äì ÄdüTú\T

25 Investments 31098.59 30706.33ô|≥Tºã&ÉT\T

Net Current Assets (115623.38) (74111.31)ìKs¡ #·sêdüTú\T

26 Total Current Assets 149467.14 156006.17#·sêdüTú\ yÓTT‘·ÔeTT

Less: Total Current Liabilities ‘·–Z+|ü⁄ : Á|üdüTÔ‘· n|ü\ yÓTT‘·ÔeTT



27 Security Deposits from Consumers 0.00 0.00$ìjÓ÷>∑<ës¡T\ qT+&ç <Ûäsêe‘·T\T

28 Other Current Liabilities 265090.51 230117.48Ç‘·s¡ Á|üdüTÔ‘· n|ü\ yÓTT‘·ÔeTT

Total Current Liabilities 265090.51 230117.48Á|üdüTÔ‘· n|ü\ yÓTT‘·ÔeTT

29 Subsidy Receivable from Government 0.00 0.00Á|üuÛÑT‘·«eTT qT+&ç sêe\dæq düVü≤j·TeTT

NET ASSETS 537404.37 391084.87ìø£s¡ ÄdüTú\T

FINANCED BY:

Ä]úø£ eqs¡T\T düeT≈£Ls¡Ãã&çq $<ÛäeTT

30 Borrowings for working capital 0.00 0.00ìs¡«Vü≤D Ks¡TÃ\ ì$T‘·Ô+ n|ü\T

31 Payments due on Capital Liabilities 0.00 ô|≥Tºã&ÉT\ u≤ø°\ ÁøÏ+<ä Çe«e\dæq yÓTT‘·ÔeTT

32 Capital Liabilities 299541.99 175046.30ô|≥Tºã&ÉT\ u≤ø°\T

Deferred Tax Liability 11687.52 6836.75uÛÑ$wü ‘·TÔ |üqTï ì~Û

28(a) Liability for Pension & Gratuity and Leave Encashment 26732.88 31716.4933 Funds from State Government 838.51 1052.84

Á|üuÛÑT‘·«eTT qT+&ç rdüT≈£îqï ì<ÛäT\T








Equity 45443.97 45443.97yê{≤ eT÷\ <ÛäqeTT

34 Contributions, Grants and Subsidiestowards cost of Capital Assets 87637.31 74054.11ô|≥Tºã&ç ÄdüTú\ $\Te ø=s¡≈£î e∫Ãq $sêfieTT\T,

Á>±+≥T¢ eT]j·TT düVü≤j·TeTT

35 Reserve and Reserve Funds 22334.95 24319.55ì~Û eT]j·TT ì<ÛäT\ yÓTT‘·ÔeTT

Surplus 43187.25 32614.85$T>∑T\T

TOTAL FUNDS 537404.37 391084.87yÓTT‘·ÔeTT ì<ÛäT\T
















REVENUE FROM TRANSMISSION & SLDC BUSINESSSchedule 1(in Rupees)

Sl. Particulars Account This Year PreviousNo. Code 2015-16 Year 2014-15

I. Transmission Charges:

1 Transmission charges- EPDCL 61.401 229,96,65,759 274,89,89,175

2 Transmission charges- SPDCL 61.402 460,69,16,199 480,78,12,722

3 Transmission charges- CPDCL 61.403 119,19,79,679

4 Transmission charges- NPDCL 61.404 40,95,14,906

5 Intra State Open Access LTOA 61.410 (3,74,56,482) 4,62,56,634

6 Transmission charges - IEX/PX 61.413 15,71,34,943 17,84,94,747

7 Inter StateTransmission charges (MTOA) 61.415 14,77,48,649 4,08,35,708

8 Inter State Open Access charges 61.430 35,84,42,823 43,25,76,431

9 Inter Regional Open access charges 61.490 to 494 47,24,08,244 56,41,83,858

Sub-Total (I) 800,48,60,135 1042,06,43,860

II. SLDC Charges:

10 SLDC charges- EPDCL 61.425 9,92,41,342 9,64,64,989

11 SLDC charges- SPDCL 61.426 22,83,33,081 19,29,16,442

12 SLDC charges- CPDCL 61.427 3,24,18,490

13 SLDC charges- NPDCL 61.428 1,11,43,772

14 Intra State Open Access Charges - IEX/PX 61.414 90,85,000 5,02,97,246

15 Intra State SLDC Operating Charges (LTOA) 61.432 37,29,379 26,15,103

16 Inter State SLDC Operating Charges (MTOA) 61.435 40,62,974 10,08,938

17 Inter State Open Access SLDC Charges 61.440 1,56,57,579 1,89,44,942

18 SLDC Annual Fees 61.445 4,17,04,600 3,97,42,120

19 SLDC Charges from Open access generators 61.456 to 459 99,55,276 1,04,06,618

20 Inter Regional Open access charges 61.495 to 498 94,01,000 2,33,29,282

Sub-Total (II) 42,11,70,231 47,92,87,942

TOTAL (I + II) 842,60,30,366 1089,99,31,802



REVENUE SUBSIDIES AND GRANTS

Schedule 4(in Rupees)

Sl. Particulars Account This Year PreviousNo. Code 2015-16 Year 2014-151 Revenue Subsidy as per Tariff Order 63.110 0 0

2 Subsidy Receivable from State Govt. for the year 63.115 0 0

3 Grant-in-aid 63.150 0 0

TOTAL 0 0

ELEMENT-WISE ANALYSIS OF REVENUESchedule 2(in Rupees)

Sl. No. Particulars This Year Previous Year 2015-16 2014-15

1. Transmission Charges 800,48,60,135 1042,06,43,860

2. SLDC Charges 42,11,70,231 47,92,87,942

TOTAL 842,60,30,366 1089,99,31,802



OTHER INCOME


Sl. Particulars Account This Year Previous YearNo. Code 2015-16 2014-151 Interest on staff loans and advances 62.200 to

32,09,829 22,33,589 62.219

2 Income from Investments 62.220 to7,64,32,908 9,94,13,803

62.239

3 Delayed payment charges from consumers 62.250 &3,88,00,813 98,44,459

62.260

4 Interest on Investments under Contingency 62.271 4,48,65,774 4,29,43,945

Reserve

5 Income from Sale of scrap, etc., 62.300 74,05,950 79,85,893

6 Miscellaneous receipts 62.900 49,04,29,769 14,03,32,387

7 O&M/AMC Charges collected 62.925 2,42,78,746 62,13,001

8 Fines & Penalties Recovered 62.935 36,11,41,925 19,60,85,235

9 SLDC Registration Fees 62.919 56,010 61,000

10 Cash Rebate earned on payment of supplier 62.941 94,44,963 1,55,89,197

bills, etc.

11 Contributions towards Depreciation of 62.975 19,38,35,336 21,89,08,178

LIS Assets

TOTAL 124,99,02,023 73,96,10,687



GENERATION OF POWERSchedule 7(In Rupees)

Sl. Particulars Account This Year Previous YearNo. Code 2015-16 2014-15

This schedule is not applicable

PURCHASE OF POWERSchedule 6(In Rupees)

Sl. Particulars Account This Year Previous YearNo. Code 2015-16 2014-15

This schedule is not applicable



REPAIRS AND MAINTENANCE


Sl. Particulars Account This Year Previous Year No. Code 2015-16 2014-15

Repairs and Maintenance to:

1 Plant and Machinery 74.100 2,68,178,274 27,94,44,224

2 Transformers 74.101 1,69,02,828 2,38,06,514

3 Substation maintenance by Pvt.Agencies 74.150 90,73,08,658 77,80,89,355

4 Buildings 74.200 46,31,762 62,85,382

5 Civil Works 74.300 1,95,68,902 2,74,98,123

6 Hydraulic Works 74.400 0 0

7 Lines, Cable net work etc. 74.500 4,05,66,231 13,97,63,337

8 Vehicles 74.600 68,54,320 68,83,504

9 Furniture and Fixtures 74.700 0

10 Office equipment 74.800 53,38,313 1,48,77,236

TOTAL 126,93,49,288 127,66,47,675



EMPLOYEE COSTS


Sl. Particulars Account This Year Previous YearNo. Code 2015-16 2014-15 1. Salaries 75.100 208,28,31,014 240,25,74,012

2 Paid Holiday 75.210 6,62,143 9,39,247

3 Dearness Allowance 75.300 19,37,28,824 9,27,40,286

4 Other allowances 75.400 42,89,45,117 36,98,12,067

5 Exgratia / Incentives 75.500 0

Sub-Total 270,61,67,098 286,60,65,6126 Medical expenses Reimbursement 75.611 95,97,959 3,12,12,617

7 Leave Travel Assistance 75.612 3,18,858 3,15,688

8 Earned Leave Encashment 75.617 21,62,01,471 81,47,42,822

9 Leave salary contributions 75.618 1,37,293

10 Payment under workmen’s compensation 75.629 0Act

11 Medical Allowance 75.710 2,51,03,646 2,94,04,864

12 Other welfare expenses 75.700 to45,01,217 57,02,712

75.760

13 GPF Booster scheme 75.761 60,000 1,70,000

14 Medical Allowance - Pensioners 75.765 1,26,17,093 1,40,95,827

15 Contribution to EPF - APTRANSCO share 75.810 to9,27,15,030 9,08,74,964

75.812

16 EPF Administration Expenses 75.813 64,66,847 80,04,701

17 Contribution to EDLI 75.814 9,17,344 7,66,529

18 EDLI Administration charges 75.815 18,329 15,264

19 Pension & Gratuity (employees recruited 75.830 46,13,94,363 186,06,17,481before 1-2-1999)

20 Gratuity (employees recruited on or 75.840 4,73,01,212 5,58,47,523after 1-2-1999)

TOTAL 358,33,80,467 577,79,73,897



ADMINISTRATION AND GENERAL EXPENSESSchedule 10

(in Rupees)Sl. Particulars Account This Year Previous Year No. Code 2015-16 2014-15 1 Rent 76.101 29,93,500 23,61,4052 Rates and Taxes 76.102 1,54,36,284 1,38,99,1313 APERC License fees 76.103 1,65,52,500 1,78,38,5004 Insurance 76.104 17,03,502 15,19,236

to 76.1075 Telephone & Trunk calls 76.111 1,14,78,793 1,12,51,7506 Postage 76.112 12,53,843 12,53,8057 Legal charges 76.121 21,68,996 27,94,4368 Audit fees 76.122 8,36,625 11,30,7859 Consultancy charges 76.123 2,04,10,050 17,49,08610 Technical fees 76.124 011 Other Professional Charges 76.125 34,036 5,63,99912 Honorarium 76.126 69,984 3,44,03813 Commission 76.127 1,04,022 7,00,27514 Remuneration to Internal Auditors 76.128 25,51,506 25,08,38415 Conveyance expenses 76.131 1,48,218 6,78,55616 Travelling expenses 76.132 2,76,56,830 3,31,71,13317 Vehicle running exp.(Cars, Jeeps, Etc.) 76.136 85,95,511 1,19,02,06118 Vehicle License & Regd. Fee 76.138 019 Vehicle hire charges 76.139 8,43,13,012 9,23,82,80220 Employees/Staff Recruitment expenses 76.140 021 Training and participation 76.150 14,68,349 21,84,83122 Fees & subscription 76.151 12,57,049 12,38,44023 Books & Periodicals 76.152 3,22,984 3,39,08824 Printing & Stationery 76.153 38,65,703 41,60,50225 Advertisement 76.155 1,35,73,712 1,20,99,60226 Police Guard Charges 76.156 15,52727 Contributions 76.157 44,83,498 2,35,41028 Electricity charges 76.158 30,42,664 71,79,73629 Water charges 76.160 6,80,553 9,12,17130 Entertainment 76.162 13,80,411 15,11,18531 Misc. Expenses 76.190 6,27,85,138 5,88,02,98732 Outsourced Staff Wages 76.192 12,91,15,946 10,15,63,04133 Vehicle running exp.(Heavy vehicles) 76.240 25,10,363 26,74,83534 Incidental Stores expenses 76.270 11,09,365 11,35,892

TOTAL 42,19,02,947 39,01,02,629



DEPRECIATION AND RELATED DEBITS (NET)


Sl. Particulars Account This Year Previous Year No. Code 2015-16 2014-151 Depreciation 77.100 274,06,09,644 286,53,60,377

2 Assets Decommissioning cost 77.500

3 Small & Low value items written off 77.600

4 Written down value of assets scrapped 77.710

5 Write-off of deficits of fixed assetsobserved upon physical verification 77.720

6 Loss on sale of fixed assets 77.730

Sub-Total 274,06,09,644 286,53,60,377

7 Less: Gain on sale of Assets (ExcludingCapital gains transferred to Capital Reserve) 62.400

TOTAL 274,06,09,644 286,53,60,377



INTEREST AND FINANCE CHARGES


Sl. Particulars Account This Year Previous Year No. Code 2015-16 2014-151 Interest on State Government loans 78.100 48,74,959 11,65,57,285 Interest on WGIS 78.151 2 Interest on Loans from FI’s/Banks:

a) R.E.C. 78.504 168,61,63,832 88,74,42,481b) P.F.C. 78.511 25,91,03,260 52,33,66,208c) Federal Bank 78.522 68,37,370 1,07,32,161d) Canara Bank 78.523 14,66,577e) NABARD 78.531 8,87,85,853 8,81,37,793f) Andhra Bank 78.545 1,71,86,106 2,91,72,259g) Syndicate Bank 78.546 2,50,92,662 2,89,45,645h) Indian Bank 78.549 7,83,84,647 67,06,191i) Karur Vysya Bank 78.555 2,73,21,399 3,94,52,153j) Bank of Baroda 78.556 4,38,42,649 7,52,99,894k) Bank of Maharastra 78.557 63,32,158 1,46,66,545l) Oriental Bank of Commerce 78.564 3,34,40,013 4,19,34,128m) Punjab & Sind Bank 78.565 1,31,71,390 2,24,46,341n) Allahabad Bank 78.566 1,21,15,177 1,70,30,774o) Bank of Rajastan 78.567 1,98,12,144 2,43,81,011p) Karnataka Bank 78.568 1,62,00,808 2,33,11,622q) Corporation Bank 78.569 11,85,977 26,11,408r) Union Bank of India 78.570 95,55,347 1,33,01,990s) UCO Bank 78.575 4,90,58,612 7,00,99,983t) South Indian Bank 78.576 3,54,31,371 3,95,81,445u) Tamilnadu Mercantile Bank 78.577 6,33,84,285 1,69,06,820v) Dena Bank 78.578 2,70,60,626 77,55,274

Sub-Total (1 to 2): 252,43,40,645 210,13,05,988

3 Interest on Borrowings for working capital 78.700 44,20,373 14,02,3204 Other Interest (GIS-Savings Fund, 78.853 17,95,011 17,63,714

GIS-Insurance Fund, FBF) to 78.8595 Cost of raising Finance - Service fee 78.864 12,01,400 10,00,0006 Cost of raising Finance-Commitment charges 78.866 37,835 8,93,3307 Other charges 78.880 9,654 (22,921)

to 78.883 TOTAL 253,18,04,918 210,63,42,431



INTEREST AND FINANCE CHARGES CAPITALISED


Sl. Particulars Account This Year Previous Year No. Code 2015-16 2014-151 Interest capitalised on funds used 78.900 125,09,00,000 78,00,00,000

during construction

Calculation of IDC (Rs. In Crores)

Sl. Sch. Particulars ACS BNANo. No1 As per Balance sheet (Excluding IDC & taxes) 2,185.31 3,112.15

To be2 Details of funds apportioned

to ACS & BNA

3 30 a. Borrowings Working capital 0.00 4 31 b. Payment due on Capital liabilities 0.00 5 - c. Loans having intial period of Int.Holiday 0.00 6 d. Other interest free liabilities 7 34 Contribution & Grants 876.378 28(a) Contributions to Trusts 267.33 9 deferred tax 116.88 10 35 e. Reserve funds 11 i) Contingency Reserve Investements 20.3312 ii) Balance reserves 203.02 13 f. Reserves & Surplus 14 i) Equity 454.44 15 ii) Surplus before IDC & Taxes 355.29 16 Total apportionment to ACS/BNA (of 3 to15) 1396.96 576.27 820.6817 Non interest bearing funds (3 to 16) 576.27 1,717.3918 32 Capital Liabilities 2,995.42 19 33 GoAP Loans 8.39 20 Interest bearing funds (18+19) 3,003.81 21 Interest Bearing ACS / BNA (1-17) 1,609.04 1,394.7722 Interest bearing ACS ( sl.no 21) 1,609.0423 Previous year interest bearing ACS 526.9424 Average interest bearing ACS ((22+23)/2) 1,067.9925 Interest bearing BNA ( sl.no 21) 1,394.7726 Previous year interest bearing BNA 779.6127 Average interest bearing BNA ((25+26)/2) 1,087.1928 Interest Charges 252.4329 Interest chargeable to BNA (28-30) 127.3430 Interest chargeable to ACS (28*24/(24+27)) 125.09 Interest chargeable to ACS (2014-15) 78.00



OTHER EXPENSES CAPITALISED


Sl. Particulars Account This Year Previous Year No. Code 2015-16 2014-151 R&M Expenses capitalized 74.900 28,66,927 28,57,9142 Employee costs capitalized 75.900 89,31,94,590 80,44,31,2813 Adm & General Expenses capitalized 76.900 8,13,58,322 8,27,37,6334 Depreciation capitalized 77.900 66,040 75,146

TOTAL 97,74,85,879 89,01,01,974

OTHER DEBITS


Sl. Particulars Account This Year Previous Year No. Code 2015-16 2014-151 Materials cost variance 79.100 0 1,17,79,0002 Research & Development Expenses 79.200 0 03 Cost of Trading/ Manufacturing Activities 79.300 0 04 Bad and Doubtful debts written off/ Provided 79.400 0 05 a) Miscellaneous losses and write-offs: 79.500 0 11,89,574 b) Infructuous capex writtenoff 79.532 0 0

c) Stock shortages 79.510 3,571 0d) Loss of materials by pilferage 79.511 0 0

e) Loss on Obsolescence of stores etc. 79.561 46,98,000 (90,945) in stock

f) Loss on sale of Stores 79.573 0 06 Sundry Expenses 79.700 0 0

TOTAL 47,01,571 1,28,77,629



EXTRAORDINARY ITEMSSchedule 16

(in Rupees)


1 Extraordinary credits (including subsidies 63.200 0 0against loss on account of Flood, Fire,Cyclone etc.)

2 Extraordinary debits (Losses on account 79.800 2,90,52,041 20,30,63,325of Flood, Fire, Cyclone etc.) *

3 Extraordinary items (NET) 2,90,52,041 20,30,63,325

* Extraordinary debits includes loss of assets on account of HUDHUD Cyclone



PROVISION FOR INCOME TAXSchedule 17

(in Rupees)


1 Income Tax for the year 81.100 0 36,99,73,244

TOTAL 0 36,99,73,244



NET PRIOR PERIOD (CREDITS) / CHARGESSchedule 18

(in Rupees)Sl. Particulars Account This Year Previous Year No. Code 2015-16 2014-151

Income relating to previous year

Receipts-prior period 65.200

Interest income-prior period 65.400

Excess provision-Depreciation 65.600

Excess provision-Interest & Finance charges 65.700

Other excess provision 65.800

Other income-prior period 65.900 1,60,21,562 34,69,286

TOTAL 1,60,21,562 34,69,286

2 Prior period expenses/losses

Short provision for power 83.100

Operating expenses 83.300 52502

Employees cost 83.500

Depreciation under provided 83.600

Interest & Other Fin. Charges 83.700

Other charges 83.800

TOTAL 0 52,502

3 Net prior period( Credits) / Charges (1,60,21,562) (34,16,784)



1. The Company was incorporated on 29-12-1998 and Commenced Business/operationswith effect from 1-2-1999. As per GoAP’s Power Sector Reform process under APReforms Act, 1998, the AP State Electricity Board was unbundled and the fixed assets(incl. Land) pertaining to Transmission Business were transferred and vested with theCompany through 2nd Transfer Scheme (effective from 1-4-2000) notified videG.O.Ms.No.109 Energy (Pr.III) Dept dt.29-9-2001. Most of the lands transferred to thecompany were got alienated/mutated in the name of the company and others are in theprocess of alienation and mutation.

2. Further, the lands acquired with effect from 1-4-2000 from the GoAP/individuals were on

FIXED ASSETS AND PROVISION FOR DEPRECIATION

GROSS BLOCK

ASSET GROUP Account At the end of Adjustments Reclassi- At the end of Code the previous Additions on fication the year

year 2014-15 Deductions 2015-16

Land and 10.100 317622076 5817490 323439566Land rightsBuildings 10.200 658822346 47348873 706171219Other civil works 10.400 158489891 72826138 231316029Plant and 10.500 26661161995 3046922914 29708084909MachineryLines and 10.600 28351618749 8020157954 36371776703Cable NetworkVehicles 10.700 26631495 887239 27518734Furniture and 10.800 24174102 3609101 27783203FixturesOffice equipment 10.900 279135909 42435350 321571259Total for thisyear 2015-16 56477656563 11240005059 0 0 67717661622Total for previousyear 2014-15 98781435354 5882022788 48185801579 56477656563

GROSS BLOCK At the end of Additions Deductions Reclassi- At the end of

FUNCTION the previous fication the year year 2014-15 2015-16

Transmission 55577610232 11239405042 0 0 66817015274SLDC 900046331 600017 0 0 900646348Total 56477656563 11240005059 0 0 67717661622

FUNCTION-WISE BREAK-UP OF FIXED ASSETS




payment of cash through Revenue Dept. and got registered in the name of the company.The registered documents are available with the territorial administrative offices i.e. Circleoffices concerned.

3. The substations which were erected in the consumers/clients premises are in thepossession of the company are vested through Transfer Scheme up to 31st January1999 and for the subsequent acquisitions of land which are in possession, the executionof documents in the name of the company is in process.

4. The value of land in gift subsequent to 01.04.2000 are in process of ascertainment and tobe taken into books.

PROVISION FOR DEPRECIATION NET BLOCK

At the end of Depreciation Adjustments Reclassi- At the end At the end At the end of the previous for the year on fication of the year of the year the previous year 2014-15 Deductions 2015-16 2015-16 year 2014-15

0 0 323439566 317622076

264775043 18061038 282836081 423335138 394047303 26638174 4373298 31011472 200304557 13185171714046075506 1386424260 15432499766 14275585143 12615086489

11451765068 1304438184 12756203252 23615573451 16899853681

24861569 488263 25349832 2168902 1769926 9483155 2511337 11994492 15788711 14690947

144236961 24313264 168550225 153021034 134898948

25967835476 2740609644 0 0 28708445120 39009216502 30509821087

44892155733 2865360379 21787991183 1689453 25967835476 30509821087 53889279621


PROVISION FOR DEPRECIATION NET BLOCKAt the end of Depreciation Adjustments Reclassi- At the end At the end At the endthe previous for the year on fication of the year of the year of the previousyear 2014-15 Deductions 2015-16 2015-16 year 2014-1525184203227 2735385874 27919589101 38897426173 30393407005783632249 5223770 788856019 111790329 11641408225967835476 2740609644 0 0 28708445120 39009216502 30509821087



CAPITAL EXPENDITURE IN PROGRESSSchedule 21

(in Rupees)Sl. Particulars Account This Year Previous Year No. Code 2015-16 2014-151 Capital work-in-progress 14.000 2310,40,24,158 1291,33,58,441

2 Contracts-in-progress 15.100

3 Revenue Expenses pending allocation 15.200 over capital works

4 Provision for completed works 15.500

5 Construction facilities 15.600 (Less provision for depreciation)

Assets at Construction Stage (1 to 5) 2310,40,24,158 1291,33,58,441

6 Advances for Suppliers/Contractors 25.100 7,96,74,768 2,58,05,563(Capital) to 25.900

TOTAL 2318,36,98,926 1293,91,64,004



ASSETS NOT IN USESchedule 22

(in Rupees) Balance Balance Balance at the at the at the beginning Additions Deductions end of the end of of the during the during the previous Asset Group Account Additions Deductions this previous previous previous year Code during during the year year year year 2014-15 the year year 2015-16 2014-15 2015-16 2015-16

Written down

value of Obsolete,

Scrapped Assets

Land and rights 16.100 0

Buildings 16.200 0

Hydraulic works 16.300 0

Other civil works 16.400 0

17,63,835 17,63,835 0 Plant & Machinery 16.500 0

Lines and Cable

net work 16.600 0

1,,42,637 1,42,637 0 Vehicles 16.700 0 0

Furniture & Fixtures 16.800 0

Office equipment 16.900 0

0 19,06,472 19,06,472 0 TOTAL 0 0 0



DEFERRED COSTSSchedule 23

(in Rupees)Balance Costs Costs Apportioned Balance Costs Costs Balance

at the deferred charges to at the deferred charged at the

beginning during the to revenue TSTRANSCO Particulars Account end of the during to revenue end of

of the previous during the Code previous the during this

previous year previous year year the year year

year 2014-15 year 2014-15 2015-16

2014-15 2014-15

Deferred

312,71,44,636 155,71,66,146 156,99,78,490 Revenue 17.230

Expenditure

0 312,71,44,636 155,71,66,146 156,99,78,490 TOTAL 0 0 0 0



INTANGIBLE ASSETSSchedule 24

(in Rupees)Balance Costs Costs Apportioned Balance Costs Costs Balanceat the deferred charges to at the deferred charged at thebeginning during the to revenue TSTRANSCO Intangible Account end of the during to revenue end ofof the previous during the Assets Code previous the during the thisprevious year previous year year year yearyear 2014-15 year 2014-15 2015-162014-15 2014-15

Paymentsto acquire rightto receive 18.100 0 0 powerfrom other bodies

Expensesfor forming

2,60,02,920 2,60,02,920 and 18.200 0 0organisingthe Company

2,60,02,920 0 2,60,02,920 TOTAL 0 0 0 0



INVESTMENTS

LIST AS PER CONTINGENCY RESERVE SECURITIESGovt. of India Bonds8.15% AP Power Finance Corpn. Bonds8.74% AP Power Finance Corpn. Bonds9.60% AP Power Finance Corpn. Bonds8.95% APTRANSCO Vidyut Bonds I/20068.69% APTRANSCO Vidyut Bonds II/20068.55% APTRANSCO Vidyut Bonds I/20088.55% IDBI Omni Bonds8.40% Tamilnadu Electricity Board Bonds8.64% Tamilnadu Electricity Board Bonds8.23% Karnataka State Financial Corp.Bonds9.64% AP Power Finance Corp. Bonds9.67% TNPFIDC Bonds9.15% AP State Finance Corp. Bonds10.25% Rajasthan Rajya Vidyut Prasaran Nigam Limited Bonds10.25% Rajasthan State Road Transport Corporation Bonds8.69% Rajasthan Rajya Vidyut Prasaran Nigam Ltd Bonds8.62% Haryana Vidyut Prasaran Nigam Ltd BondsFixed Deposits in Scheduled BanksApportioned to TSTRANSCO* TOTAL

* Balance as at 31.3.2015, Rs.36.99 crs includeRs.2.16 crs being the net investments during theperiod from 2.6.14 to 31.3.15

Balance Further Investments Approtioned

Account at the Investments realised to

Codebeginning during the during the TSTRANSCO Investments of the previous previousprevious year yearyear 2014-15 Long Term Investments Investments in partnership/Joint ventures84400000 Equity in GVK Power & Infrastructure Ltd., 20.400281024090 Equity Share in APGPCL(Unquoted) 20.405365424090 Sub-Total770059000 255665000 207512941 348302448 Contingency Reserve Investment 20.600

Investment other than Fund investments 20.200316000000 9.95% APEPDCL Power Bonds - Series 1/2014446000000 9.95% APSPDCL Power Bonds - Series 1/2014921000000 921000000 9.95% APCPDCL Power Bonds - Series 1/2014317000000 317000000 9.95% APNPDCL Power Bonds - Series 1/2014611500000 10% APEPDCL Power Bonds - Series 3/2014861800000 10% APSPDCL Power Bonds - Series 3/20141782500000 1782500000 10% APCPDCL Power Bonds - Series 3/2014614200000 614200000 10% APNPDCL Power Bonds - Series 3/2014 Current Investments6640059000 255665000 207512941 3983002448 Sub-Total7005483090 255665000 207512941 3983002448 TOTAL




Balance Further Investments Balance Details of at the Investments realised at the Investmentend of the during during end of certificatesprevious the year the year the year pledged or year 2015-16 given as a 2014-15 security deposit

84400000 84400000 281024090 281024090

365424090 365424090 0469908611 79427306 40201240 509134677

0 316000000 316000000 0 446000000 446000000 0 611500000 611500000 0 861800000 861800000 0 2705208611 79427306 40201240 2744434677 0 3070632701 79427306 40201240 3109858767 0

29050000 290500001000000 1000000

65000000 6500000026000000 26000000

114000000 1140000005000000 50000008000000 8000000

121000000 1210000006000000 60000007000000 7000000

11000000 1100000010000000 1000000068000000 6800000014000000 1400000030000000 30000000

117000000 11700000015000000 15000000

112000000 11200000080763000 141951185 71847000 150867185

(369904389) (62523879) (31645760) (400782508)469908611 79427306 40201240 509134677



TOTAL CURRENT ASSETS


Sl. Current Assets Schedule This Year Previous Year No. No. 2015-16 2014-151 Stocks 26 (a) 270,47,92,992 424,26,58,2942 Receivables-Transmission & SLDC charges 26 (b) 2380527814 252,56,86,2573 Cash and Bank Balances 26 (c) 364102817 57,27,25,2894 Loans and Advances 26 (d) 8566599134 800,56,57,0025 Sundry Receivables 26 (e) 930691007 25,38,90,225

TOTAL 14,94,67,13,764 15,60,06,17,067

STOCKSSchedule 26 (a)

(in Rupees)Sl. Particulars Account This Year Previous Year No. Code 2015-16 2014-151 Stock of materials at construction stores 22.600 227,92,58,503 418,62,80,242

to 22.6102 Stock of materials at other stores 22.620 & 0 0

22.6303 Materials at site 22.640 & 0 0

22.6504 Materials pending inspection 22.660 & 44,73,08,421 6,71,15,256

22.6705 Materials in transit 22.680 & 0 0

22.6906 Other Materials Account 22.700 0 63,18,4867 Materials stock excess/shortage pending

investigation 22.800 10,59,068 10,79,3108 Provision for recovery / write-off of cost of

materials 22.900 (2,28,33,000) (1,81,35,000)

TOTAL 270,47,92,992 424,26,58,294



TRANSMISSION & SLDC CHARGES RECEIVABLE

Schedule 26(b)(in Rupees)

Sl. Particulars Account This Year Previous YearNo. Code 2015-16 2014-151 Sundry Debtors-Transmission charges-EPDCL 23.131 82,40,49,617 69,36,35,285

2 Sundry Debtors-Transmission charges-SPDCL 23.132 115,66,53,332 132,50,48,863

3 Sundry Debtors-Transmission charges-CPDCL 23.133 0 0

4 Sundry Debtors-Transmission charges-NPDCL 23.134 0 0

5 Sundry Debtors for Intrastate Tr chrgs - LTOA 23.192 43,96,350 (13,55,458)

6 Sundry Debtors for Intrastate Tr chrgs - MTOA 23.632 23,04,45,956 4,81,55,829

7 Sundry Debtors-Inter state Tr chrgs-IEX/PX/RLDC 23.600 17,26,526 3,84,192

8 Sundry Debtors for Intrastate Tr chrgs - Others 23.670 8,65,32,774 11,71,20,054

9 Sundry Debtors for Intrastate Tr chrgs - Others 23.400 73,47,200 27,52,08,766

Sub-total (1 to 9) 231,11,51,755 245,81,97,531

10 Sundry Debtors-SLDC charges-EPDCL 23.141 (52,30,141) 1,99,45,577

11 Sundry Debtors-SLDC charges-SPDCL 23.142 5,57,17,638 3,61,90,232

12 Sundry Debtors- Open access 23.156 66,94,738 42,83,546

13 Sundry Debtors-SLDC charges-NPDCL 23.144 0 0

14 Sundry Debtors for Intrastate SLDC - LTOA 23.196 2,80,747 4,29,368

15 Sundry Debtors-Inter state SLDC chrgs-IEX/PX/RLDC 23.600 0 0

16 Sundry Debtors for Intra state SLDC - MTOA 23.661 71,24,394 15,36,907

17 Sundry Debtors for Intrastate SLDC - Others 23.660 47,88,683 51,03,096

Sub-total (10 to 17) 6,93,76,059 674,88,726

TOTAL 238,05,27,814 252,56,86,257



CASH AND BANK BALANCES

Schedule 26(c)(in Rupees)

Sl. Particulars Account This Year Previous Year No. Code 2015-16 2014-151 Cash on Hand 24.100 0 02 Cash Imprests with staff 24.200 0 (22,924)3 Balances with Banks - Remittances 24.300 23,20,440 (4,77,60,522)4 Balances with Banks - Drawing A/c. 24.400 30,57,95,807 61,36,26,9285 Cash in Transit - Remittances 24.500 (7,59,448) (7,25,823)6 Cash in Transit - LOCs 24.600 5,67,46,018 76,07,6307 Short term fixed deposits with Banks 24.700 0

TOTAL 36,41,02,817 57,27,25,289

LOANS AND ADVANCES

Schedule 26(d)(in Rupees)

Sl. Particulars Account This Year Previous Year No. Code 2015-16 2014-151 Advances for O&M supplies/works 26.100 to

14,42,22,184 3,14,32,646 26.700

2 Loans and Advances to Staff 27.100 &19,70,47,210 25,62,79,969

27.2003 Loans and Advances to Licensees 27.300 0 04 Advance Income Tax/Deduction at source 27.400 62,16,18,333 40,01,12,0255 MAT entitlement A/c 27.401 28,58,79,045 6 Loans and Advances - Discoms pool account 27.800 731,78,32,362 731,78,32,362

TOTAL 856,65,99,134 800,56,57,002



SECURITY DEPOSITS FROM CUSTOMERS



N I L

.

SUNDRY RECEIVABLES

Schedule 26(e)(in Rupees)


1 Sundry Debtors-Trading Account 28.100 4,68,43,987 3,15,20,3202 Interest accured and due - Govt. Loans 28.201 0 03 Income accured and due (ICD) 28.200 & 13,65,40,815 14,11,84,208

28.2904 Income accrued but not due (others) 28.390 5,61,14,517 5,19,79,0035 Amount recoverable from employees 28.400 2,56,49,192 2,57,75,026

/Ex-employees6 Other claims and Receivables 28.700 & 8,07,29,724 (26,70,44,809)

28.8007 Other Receivables from Discoms 28.801 to 3,99,79,307 7,11,04,019

28.8048 Deposits - Others 28.900 33,10,76,826 11,85,20,7539 Deposits-Revenue Dept- Land Acquision 28.921 21,37,72,133 8,08,67,15910 Inter unit account adjustment balance 30 to 39 (15,494) (15,454)

TOTAL 93,06,91,007 25,38,90,225



OTHER CURRENT LIABILITIES



1 Liability for purchase of power 41.000 to 41.250 0 0

2 Sundry payables - Discoms 41.150 to 41.180 0 0

3 Loan against Fixed Deposits 41.197 0 0

4 Liability for capital supplies/works 42.100 to 42.300 215,66,12,548 230,22,55,163

5 Liability for O&M supplies/works 43.100 to 43.300 35,61,50,282 36,68,36,231

6 Staff related provisions 44.100 to 44.405 38,44,61,288 33,59,74,403

7 Provision for Gratuity 44.110 6,05,349 1,29,09,610

8 Provision for Pension 44.120 0 138,89,14,213

9 Provision for EL Encashment 44.150 44,53,16,947 61,10,83,183

10 Deposits and retentions from 46.100 621,16,59,142 523,19,87,707Suppliers & Contractors

11 Deposits-GoAPs Lift Irrigation Scheme 46.130 648,92,77,710 663,36,92,156

12 Interest on Deposits - GoAP’s 46.131 502,90,59,729 414,94,37,918Lift Irrigation Scheme

13 Security Deposits of Op.chrgs- SLDC 46.140 11,28,88,833 14,15,07,330

14 TSTRANSCO Pool A/c, 46.251 153,77,51,470 85,91,23,506(Post Bifurcation transactions)

15 Transmission and SLDC clearing 46.275 5,37,79,931 4,92,38,046

16 Liability for expenses 46.400 45,65,58,337 44,84,02,010

17 Accrued interest liability on borrowings 46.700 6,84,23,984 5,08,20,557

18 Provision for Income Tax 46.800 0 10,22,84,930

19 Other liablities and provisions 46.900 320,08,31,223 31,70,91,336

20 Liability for Stale Cheques 46.910 56,74,523 1,01,89,328

TOTAL 2650,90,51,296 2301,17,47,627



Long term Liability for Pension & Gratuity and EL Encashment

Schedule 28(a)(in Rupees)

Sl. Particulars Account Previous Aditions Deductions This yearNo. Code Year for the Year for the Year 2015-16

2014-15 2015-16 2015-16

1 Amount payable -APTRANSCO 45.101 254,62,30,242 0 50,63,06,744 203,99,23,498Pension & Gratuity Trust

2 Amount payable -APTRANSCO 45.102 4,80,35,171 79,45,110 0 5,59,80,281Gratuity Trust

3 Amount payable -APTRANSCO 45.103 57,73,84,048 0 0 57,73,84,048EL Encashment

TOTAL 317,16,49,461 79,45,110 50,63,06,744 267,32,87,827



SUBSIDY RECEIVABLE FROM GOVERNMENT



1 Capital Subsidy/Grant Receivable 28.610 0 0

2 Revenue Subsidy/Grant Receivable 28.620 0 0

TOTAL 0 0



BORROWINGS FOR WORKING CAPITALSchedule 30

(in Rupees)Sl. Particulars Account This Year Previous Year No. Code 2015-16 2014-15

1 Cash Credit from Banks 50.100 0 0

2 Bank Overdraft 50.200 0 0

TOTAL 0 0



Due at the Becoming Paymentsbeginning due during made of the the during the Particularsprevious previous previousyear 2014-15 year year

0 518668992 518668992 Repayment of loans to REC Ltd.0 849435512 849435512 Repayment of loans to P.F.C. Ltd.0 60045282 60045282 Repayment of loans to Govt. of A.P0 32454242 32454242 Repayment of loans to Federal Bank0 41779522 41779522 Repayment of loans to Canara Bank0 31099630 31099630 Repayment of loans to Oriental Bank of Commerce0 41954157 41954157 Repayment of loans to Punjab & Sind Bank0 128253370 128253370 Repayment of loans to Andhra Bank0 29280559 29280559 Repayment of loans to Syndicate Bank0 125349192 125349192 Repayment of loans to Bank of Baroda0 70015456 70015456 Repayment of loans to Bank of Maharashtra0 27175090 27175090 Repayment of loans to Allahabad Bank0 40269121 40269121 Repayment of loans to Bank of Rajasthan0 55635284 55635284 Repayment of loans to Karur Vysya Bank0 42489766 42489766 Repayment of loans to Karnataka Bank0 20499318 20499318 Repayment of loans to Union Bank of India0 4562212 4562212 Repayment of loans to Corporation Bank 0 Repayment of loans to Indian bank0 79205699 79205699 Repayment of loans to UCO Bank0 36362017 36362017 Repayment of loans to South Indian Bank 1239980 1239980 Repayment of loans to Tamilnad Mercantile Bank 0 Repayment of loans to NABARD 536 536 Repayment of loans to Dena Bank0 2235774937 2235774937 Total Repayments Due

PAYMENT DUE ON CAPITAL LIABILITIES




Due at the Becoming Payments Due at theAccount end of the due during made during end of the Code previous the year the year year 2015-16

year 2014-15

51.102 0 752827396 752827396 051.104 0 396468267 396468267 051.120 0 21433400 21433400 051.122 0 27378554 27378554 051.123 0 0 051.158 0 37053810 37053810 051.141 0 35314956 35314956 051.145 0 106094063 106094063 051.146 0 27756128 27756128 051.156 0 84841038 84841038 051.157 0 62363401 62363401 051.160 0 23857764 23857764 051.161 0 40497264 40497264 051.155 0 46906128 46906128 051.162 0 37659528 37659528 051.164 0 18903024 18903024 051.163 0 2712924 2712924 051.165 0 1359061 1359061 051.175 0 65263272 65263272 051.176 0 36792432 36792432 051.177 0 26291766 26291766 0 51.131 0 75775354 75775354 0 0 3678180 3678180 0 0 1931227710 1931227710 0



Outstanding Amount Repayments Apportioned

Particulars

at the Received due during tobeginning during the the TSTRANSCO of the Previous Previous Previous year year year 2014-15 i.APTRANSCO Vidyut Bonds

9424310084 5718681065 518668992 3795657555 ii. Loan from REC Ltd1266836987 246367697 0 701628815 iii. Loan from NABARD

10966237876 353278615 849435512 8947228371 iv. Loan from PFC Ltd.173383670 32454242 66583498 v. Loan from Federal Bank

59727118 41779522 17947596 vi. Loan from Canara Bank333945529 128253370 11267739 vii. Loan from Andhra Bank368498926 29280559 125537440 viii. Loan from Syndicate Bank

0 600000000 ix Loan from Indian Bank620116341 55635284 296703528 xi Loan from Karur Vysya Bank

1752517324 11312116 125349192 1203068959 xii Loan from Bank of Baroda182881412 70015456 22978562 xiii. Loan from Bank of Maharastra590999565 12678487 31099630 259293572 x Loan from Oriental Bank of Commerce478638628 6818526 41954157 303618864 xiv. Loan from Punjab & Sind Bank262570332 27175090 116106446 xv. Loan from Allahabad Bank365205229 40269121 151906103 xvi. Loan from Bank of Rajastan355258095 42489766 149582032 xvii. Loan from Karnataka Bank Ltd73555223 4562212 57239825 xviii. Loan from Corporation Bank

170884751 20499318 55870319 xix. Loan from Union Bank of India1226567376 79205699 674247666 xx. Loan from UCO Bank509725545 76315068 36362017 224692119 xxi. Loan from South Indian Bank75605929 417060298 1239980 38535662 xxii. Loan from Tamilnadu

Mercantile Bank100000000 140000000 536 39923349 xxiii. Loan from Dena Bank

29357465940 7582511872 2175729655 17259618020 TOTAL

CAPITAL LIABILITIES




Details of Outstanding Amount Repayments OutstandingInterest rate, Account at the end received due during at the endmoratorium Code of Previous during the year of the yearand rate year 2014-15 the year 2015-16applicableat the endof the year

11.60% 52.111 08.0% - 10.40% 53.301 10828664602 10960363995 752827396 21036201201

10.75% 53.531 811575869 263711911 75775354 9995124269.00% - 12.50% 53.710 1522852608 1850168335 396468267 2976552676

10.75% 53.722 74345930 2595782 27378554 4956315810.25% 53.723 0 010.40% 53.745 194424420 246159805 106094063 33449016210.00% 53.746 213680927 27756128 18592479910.55% 53.749 600000000 300000000 1359061 89864093911.25% 53.755 267777529 46906128 220871401

10.90% - 11.15% 53.756 435411289 270635 84841038 35084088610.45% 53.764 89887394 100000455 62363401 12752444810.65% 53.765 313284850 164455414 37053810 44068645410.50% 53.766 139884133 3066036 35314956 10763521311.15% 53.767 119288796 23857764 9543103211.15% 53.768 173030005 40497264 13253274111.15% 53.769 163186297 37659528 12552676911.25% 53.770 11753186 2712924 904026211.15% 53.771 94515114 18903024 7561209010.95% 53.775 473114011 65263272 40785073911.50% 53.776 324986477 36792432 28819404510.90% 53.777 452890585 227265584 26291766 65386440310.70% 53.778 200076115 241304930 3678180 437702865

17504630137 14359362882 1909794310 29954198709



Outstanding Amount Repayments Apportioned

Particulars

at the Received during the tobeginning during the Previous TSTRANSCO of the Previous year Previous year year 2014-15

126717336 0 21433400 0 1 Loans from Govt. ofAndhra Pradesh

6526075461 0 38611882 6487463579 2 a. Loans from Govt.ofAndhra Pradesh - JICA(Govt. Orders received)

213188180 258510827 0 471699007 b. Loans from Govt. of Andhra Pradesh - JICA(Govt. Orders yet to be received)

6865980977 258510827 60045282 6959162586 Sub-Total * *7792175840 3247778890 3 Share capital from State Govt.

14658156817 258510827 60045282 10206941476 TOTAL (1+2+3)

Balance Received Apportioned Sl.

Particulars at the during the to No. beginning previous TSTRANSCOof the previous year year 2014-15

13826078647 16757735 6597520696 1 Consumers’ Contribution13826078647 16757735 6597520696 Total Consumers’ Contribution

274511648 0 114416455 2 Grants towards cost of Capital Assets14100590295 16757735 6711937151 TOTAL

FUNDS FROM STATE GOVERNMENT

CONTRIBUTIONS, GRANTS AND SUBSIDIESTOWARDS COST OF CAPITAL ASSETS

* * Authorised Share Capital (250,00,00,000 No. of Shares @ Rs.10/-) Rs. 2500,00,00,000Subscribed and issued Capital (45,44,39,695 No. of Shares @ Rs.10/- fully paid up) Rs. 454,43,96,950




Details of Outstanding Amount Repayments OutstandingInterest rate, at the end of received during the at the end moratorium Account Previous during the year of the year and rate Code year year 2015-16 applicable 2014-15 at the end of the year

9.50% 54.200 105283936 0 21433400 83850536

9.5% - 10.25% 54.201 0 0 0 0

0 0 0 0

105283936 0 21433400 83850536

54.600 4544396950 4544396950 4649680886 0 21433400 4628247486


Balance Additions Total at theAccount at the end during end of the Code of the the year year 2015-16

previous year 2014-15

55.100 7245315686 1358320610 8603636296 7245315686 1358320610 8603636296

55.300 160095193 0 160095193 7405410879 1358320610 8763731489



Balance Additions Deductions Apportioned

Particulars

at the during the during the to beginning previous previous TSTRANSCO of the year year Previousyear 2014-15

1 Foreign Exchange variationReserve

681978577 28347298 0 304258970 2 Contingency Reserve as perSchedule VI of Elecy.(Supply)

Act, 19483331485268 0 0 1388563060 3 Restructuring Reserve

110446815 0 0 46385297 4 Capital Reserve23722165 2953290 1327654 10008081 5 GIS - Savings Fund9048240 1022993 230607 3685398 6 GIS - Insurance Fund

0 3057515 3057515 0 7 Self Medical Fund - Employees0 2537829 2537829 0 8 Medical Fund - Pensioners/

Family Pensioners4156681065 37918925 7153605 1752900806 Sub-total (1 to 8)

0 33752923 34933603 (1180680) 9 General Provident Fund

0 1629046483 1699313187 (70266704) 10 Pension Paid - Master Trust(Prior to 1st Transfer Scheme)

0 2900486612 3023468539 (122981927) 11 Pension/Gratuity Paid - MasterTrust (After 1st Transfer Scheme)

0 1024028952 1065642184 (41613234) 12 Pension/Gratuity Paid -APTRANSCO P&G Trust(After 1st Transfer Scheme)

0 93787451 91649714 2137737 13 Contribution to APTRANSCOGratuity Trust (Employeesrecruited after 1-2-1999)

0 1672467554 1596364745 76102809 14 Contribution to APTRANSCOPension & Gratuity Trust

0 2590281 15 Pensioners -HUDHUD Advance0 7353569975 7513962253 (157801999) Sub-total (9 to 14)

4156681065 7391488900 7521115858 1595098807 TOTAL (1 to 14)

RESERVE AND RESERVE FUNDS




Account Balance Additions Deductions/ Balance at Code at the end during Transfers the end of

of the the year during the year Previous the year 2015-16 year 2014-15

56.620 0 0 0 0

58.220 406066905 29338627 232115366 203290166

56.650 1942922208 0 0 194292220856.670 64061518 0 0 6406151857.153 15339720 4093499 2461294 1697192557.154 6155228 882541 612453 642531657.161 0 2611100 2611100 057.162 0 1268200 1268200 0

2434545579 38193967 239068413 2233671133

57.121 &0 76260594 76260594 0

57.12257.170 0 48215444 48215444 0

57.171 0 491878688 491878688 0

57.175 2 173256743 173256743 2

57.135 0 69546123 69546123 0

57.145 0 2548909007 2548909007 0

57.163 (2590281) 3765599 1351517 (176199) (2590279) 3411832198 3409418116 (176197) 2431955300 3450026165 3648486529 2233494936



STATEMENT OF ACCOUNTING POLICIES

STATEMENT – 4

1. The accounts of the Company have been maintained and compiled its Statement ofAccounts in accordance with the related provisions of the Electricity (Supply) Act, 1948and the rules made there under in consonance with Section 129(1) and (1)(d) of theCompanies Act, 2013. Further, Section 185(2)(d) of the Electricity Act, 2003 specifiesthat the ESAAR were not repealed.

2. The Electricity (Supply) (Annual Accounts) Rules, 1985 are followed consistently topresent a true and fair view of the financial position and operation results of the Company.

3. The financial statements have been prepared under the historical cost convention onaccrual basis to comply in all material aspects and in accordance with generallyaccepted accounting principles in India and relevant provisions of the Companies Act,2013. The accounting policies have been consistently applied by the company unlessotherwise stated.

4. The financial statements require estimates and assumptions to be made that affectthe reporting amount of assets and liabilities on the date of financial statements andthe reported amount of revenue and expenses during the reporting period. Differencebetween actual results and estimates are recognized in the period in which the resultsare known/materialized.

5. Fixed AssetsTangible Assets:

(a) Fixed assets have been stated at cost less accumulated depreciation.

Intangible Assets:

(b) Intangible Assets are stated at cost less accumulated amortization. These areamortized over a period based on the expected future economic benefits followingfrom such assets.

(c) The Rates of Depreciation notified by Government of India through Gazette Notificationsfrom time to time were adopted/followed on the value of assets at the beginning of theyear as per the ESAAR, 1985 and in consonance with Section 129(1) and (1)(d) of theCompanies Act, 2013.

(d) The cost of lease hold land is amortized over the period of lease.

(e) Expenditure during construction period:

i) All expenses during construction period are capitalized up to date of completion ofassets/project.



ii) Administrative expenses are allocated to various projects depending upon their statusduring the year.

6. Inventories:Inventories of stocks of construction materials and other stores are valued at cost ornet realizable value whichever is lower at weighted average cost.

7. Investments:Investments are classified into current and long term investments. Current investmentsare stated at lower of cost and fair value. Long term investments are stated at cost.However, provision for diminution is made to recognize a decline, other than temporary,in the value of long term investments.

8. Recognition of Revenue and ExpenditureRevenues/Incomes and Costs/Expenditures are accounted on accrual basis. Incomefrom services rendered is accounted as per contractual terms with the partiesconcerned. Interest income is recognized on a time proportion basis taking into accountthe amount outstanding and the applicable rate of interest except in case of staff loanswhere interest is recognized after recovery of principle. Dividend income is accountedfor in the year in which it is received. Supervision charges from clients/customers(other than Lift Irrigation works) are recognized as income on cash basis.

9. Borrowing CostsBorrowing costs attributable to the fixed assets during construction/renovation andmodernization are capitalized. All other borrowing costs are charged to revenue.Borrowing cost consists of interest and other costs that the company incurs inconnection with borrowing of funds.

10. Foreign exchange TransactionForeign exchange transactions are accounted at the exchange rate prevailing at thedate of transaction. All monetary assets and liabilities relating to foreign currencytransactions remaining unsettled at the end of the year are translated at the year-endrate and the difference in translation and realized gain and losses on foreign exchangetransactions are recognized in statement of profit and loss.

11.Employee benefits:a. Short term employee benefits: Undiscounted value of short term employees

benefits such as salaries, wages, short term compensated absence, exgratia, etc.are recognized as expense in the period in which the employees render the relatedservice.

b. Defined Contribution Plan: Contribution to defined contribution plans being EmployeeProvident Fund are recognized in the statement of profit and loss during the period inwhich the employees render the related services.

c. Defined Benefit Plans: Liabilities in respect of defined benefit plans being Pension &Gratuity, Gratuity and Leave encashment are determined based on an actuarial valuationusing the projected unit credit method. Actuarial gains or losses are recognisedimmediately in the statement of profit and loss.



(i) ‘Pension and Gratuity’: The Corporation provides for Pension and Gratuity, a definedbenefit retirement plan covering eligible employees recruited before 01.02.1999. ThePension and Gratuity Plan provides a lump-sum payment to vested employees onretirement, death, incapacitation or termination of employment, of an amount basedon the respective employee’s salary and the tenure of employment with the Corporation.Liabilities with regard to the Pension and Gratuity Plan are determined by actuarialvaluation at each Balance sheet date using the projected unit credit method. TheCorporation contributes towards liabilities as per actuarial valuation to the AP TranscoPension and Gratuity Trust.

(ii) ‘Gratuity’: The Corporation provides for gratuity, a defined benefit retirement plancovering eligible employees who have been recruited on or after 01.02.1999. TheGratuity Plan provides a lump-sum payment to vested employees on retirement, death,incapacitation or termination of employment, of an amount based on the respectiveemployee’s salary and the tenure of employment withthe Corporation. Liabilities withregard to the Gratuity Plan are determined by actuarial valuation at each Balancesheet date using the projected unit credit method. The Corporation contributes towardsliabilities as per actuarial valuation to the AP Transco Gratuity Trust.

Trustees administer contributions made to the Trusts for above plans and contributionsare invested in specific investments as permitted by the law.

The Corporation recognizes the net obligation of the ‘Gratuity Plan’ and ‘Pension andGratuity Plan’ in the Balance Sheet as an asset or liability, respectively in accordancewith Accounting Standard (AS) 15 (Revised), ‘Employee Benefits’.

Actuarial gains and losses arising from experience adjustments and changes inactuarial assumptions are recognized in the Statement of Profit and Loss in the periodin which they arise.

(iii) Earned Leave Encashment: The employees of the Corporation are entitled to earnedleave which are both accumulating and non-accumulating in nature. The expectedcost of accumulating earned leave is determined by actuarial valuation based on theadditional amount expected to be paid as a result of the unused entitlement that hasaccumulated at the Balance Sheet date.

12. GrantsGrants received from the State Government or other authorities towards capitalexpenditure as well as consumer’s contribution to capital works are treated initially ascapital reserve and subsequently adjusted as income in the same proportion ofdepreciation charged on the assets acquired out of the grants.

13. Taxes on Income

The current charge for taxes is calculated in accordance with the relevant tax regulationsapplicable to the Company on the estimated total income for the year. Deferred taxliabilities/(Asset) are recognized on timing difference between taxable income andaccounting income, originating in one period and expected to reverse in subsequent



periods. The Deferred Tax Assets are recognized to the extent that there is a reasonablecertainty that sufficient future taxable income will be available against which, suchdeferred tax assets can be realized. Deferred Tax assets and liabilities are measuredusing the tax rates and tax laws that have been enacted on the date of Balance Sheetdate.

14. Earnings per Share

Basic Earnings per share is calculated by dividing the net profit after tax and deferredtax by total number of shares outstanding during the period. For the purpose ofcalculating the diluted earnings per share, the net profit or loss for the period attributableto equity share holders and the weighted average number of shares outstanding duringthe period are adjusted for the effects of all dilutive potential equity shares.

15. Impairment of Assets

The carrying amounts of assets are reviewed at each balance sheet date to determinewhether there is any indication of impairment. If any such an indication exists, thenthe carrying value is reduced to the higher of the net selling price or the value in use.The value in use is the present value of estimated future net income expected fromuse of the asset.

16. Provision/Contingent liabilities

Provisions are recognized, when the Company has a present legal or constructiveobligation, as a result of past events, for which it is probable that an out flow of economicbenefits will be required to settle the obligation and a reliable estimate can be made forthe amount of the obligation. The disclosure is made for all present or possibleobligations that may but probably will not require outflow as contingent liability in thefinancial statements



NOTES TO ACCOUNTSSTATEMENT – 5

REVENUE ACCOUNT

1. All expenses are reflected in Revenue Account under natural head of accounts.Accordingly Repairs and Maintenance, Employee Costs, Depreciation, Administrationand General Expenses and Interest & Finance Charges are disclosed separately.

2. The assets have been insured to the extent required.

3. Depreciation has been provided in the books on the value of assets at the beginningof the year as per the Electricity (Supply) (Annual Accounts) Rules 1985 and as perthe Rates notified in the Gazette Notifications issued by the Government of India fromtime to time.

4. Apportionment/allocation of Assets and Liabilities to AP and TS TRANSCO as on02.06.2014

a) As per AP Reorganization Act, 2014 the state of Andhra Pradesh has bifurcated in toAndhra Pradesh and state of Telangana from 02.06.2014. The APTRANSCO hasbifurcated into APTRANSCO & TSTRANSCO with effect from 02.06.2014. As persection 53 of AP Reorganization Act, 2014 the assets and liabilities were apportionedbetween the two entities provisionally as per draft demerger plan, accordingly entrieswere incorporated in the books on the methodology as per draft demerger plansubmitted to Expert Committee of Demerger of Government Corporations which isyet pending for final approval.

b) Section 65 of AP Re-organization Act, 2014 also empowers the successor states ofAP and Telangana to mutually agree upon the apportionment of Assets and Liabilitiesbetween themselves in a manner other than that provided in the Act, however, nosuch final agreement has been arrived at in so far as may be applicable to the affairsof APTRANSCO and TSTRANSCO.

c) The Summary of assets and liabilities transferred to the Resulting Company(TSTRANSCO) as on 02.06.2014 as given below:



d) Subsequent events after the Draft Demerger plan submitted to “Expert Committee” isthat, it is noticed some of fixed assets are located in one region and accounted inanother region, the net gross value of such fixed assets amounting to Rs. 64.80 croresand accumulated depreciation thereon are not yet effected in apportionment fordemerger plan.

e) Further, upon apportionment of the assets and liabilities w.e.f 02-06-2014 such assetsand liabilities are to be transferred in physical form on mutual agreement or by makingpayment or adjustment through any other mode as may be agreed to by the successorstates, which is yet pending at the close of the year.

Sch. Schedule Note Total APTRANSCO TSTRANSCONo. (Rs. In lakhs) (Demerged Co.) (Resulting Co.) 1 2 3 4 519 FIXED ASSETS : Gross Block of Assets 1004429.71 522571.70 481858.02 Less: Accumulated Depreciation 457273.22 238658.59 218614.62 Net Fixed Assets 547156.50 283913.10 263243.4021 Capital work-in progress 248979.80 84384.23 164595.5823 Deferred Cost 29943.48 14243.70 15699.7824 Intangible Asset 260.03 0.00 260.0325 Investments 70261.93 30431.91 39830.0226 Total Current Assets 262497.88 112243.74 150254.1428 Less: Current Liabilities 338727.72 170730.94 167996.77 Net Current Assets (76229.84) (58487.20) (17742.63)

(Sch.26 - Sch.28) Total Assets 820371.90 354485.74 465886.18 FINANCED BY : 30 Borrowings for working capital 0.00 0.00 0.0031 Payments due on Capital Liabilities 0.00 0.00 0.0032 Capital Liabilities 294789.41 122193.23 172596.18 Deferred Tax Liability (Net) 12655.01 7380.40 5274.6128a Liability for Pension & Gratuity,

Gratuity and Leave EncashmentTrusts 96353.86 45960.19 50393.67

33 Funds from State Government 70840.94 1249.31 69591.63 Equity 77921.76 45443.97 32477.7934 Contributions, Grants and Subsidies

towards cost of Capital Assets 140735.42 73616.05 67119.3735 Reserve and Reserve Funds 41662.39 25711.41 15950.99 Surplus 85413.12 32931.18 52481.94 TOTAL FUNDS (A+B) 820371.90 354485.74 465886.18

(Rs.In lakhs)



f) Any differences/deviations in the draft demerger plan will be effected on finalization ofDemerger Plan and the same will considered in to subsequent years.

5. The charge on the loans on assets apportioned to TSTRANSCO on demerger continueto be in the name of the company pending finalization of the demerger scheme.

6. Registration of transfer of title in the immovable properties apportioned to TSTRANSCOis pending on the date of Balance Sheet.

7. Disclosure pursuant to Accounting Standard -15 - Employee Benefits:

The Company, in compliance with Accounting Standard 15, has continued its accountingpolicy in respect of defined benefit plans, being Pension & Gratuity, Gratuity, and LeaveEncashment to determine the liability based on an actuarial valuation using the projectedunit credit method.

Defined Benefit Plans:a. The companies gratuity and pension plan are the defined benefit plans. The present

value of gratuity and pension obligation under such defined plans are determined basedon actuary valuation carried out by an independent actuary using the projected unitcredit method, which recognizes each period service as giving rise to additional unit ofemployee benefit entitlement and measures each unit separately to build up the finalobligation. The obligation is measured at the present value of the estimated futurecash flows. The discount rate used for determining the present valuation of the obligationunder defined plans, is based on the market yield on government securities as at thevaluation date having maturity periods approximating to the terms of related obligations.Actual gains and losses are recognized immediately in the statement of Profit andLoss.

b. Other employee benefits: Benefits under the company’s leave encashment schemeconstitute other employee benefits. The liability at the end of the year after currentpayments in respect of leave encashment is reviewed and estimated on the basis of30 days of salary commitment of all the employees.

c. The company, has reviewed and estimated the liability based on the Actuary report asat 31st of March, 2015 and charged to Profit & Loss account @ 31.15% of Basic & DAtowards Pension & Gratuity for the employees on rolls as on 31.01.1999 and @ 6.29%of Basic & DA for the employees recruited on or after 1.2.1999.

8. Income from transmission charges in respect of third party generators wheeling capacitywere not billed and accounted for as detailed below, since the matter is sub -judice.



Year Capacity (MW) Transmission Charges Amount (Rs. Crs)(Rs./kW/per month)

2005-06 462 55.98 31.03

2006-07 462 42.60 23.61

2007-08 475 44.62 25.43

2008-09 457 38.91 21.34

2009-10 440 47.79 25.23

2010-11 419 50.86 25.47

2011-12 389 63.47 29.67

2012-13 389 65.50 30.62

2013-14 384 61.03 28.09

2014-15 (2 months) 384 65.30 4.84

2014-15(from 02.06.2014 372 65.30 24.22 to 31.03.2015)

2015-16 360.09 76.66 33.40

TOTAL 302.95

9. Audit Fee includes: - Rs.

Particulars 2015-16 2014-15

a) Statutory Auditors:

Audit Fee 3,90,000 3,90,000

Out of Pocket expenses 90,000 1,30,000

Tax Audit Fee 97,500 97,500

Certification Fee 2,00,000

b Service Tax 86,625 1,16,289

TOTAL 6,64,125 9,33,789

10. The Company has undertaken Deposit Contribution Works relating to extension ofElectricity lines and substations connectivity to the GoAP’s Lift Irrigation works/schemes.The details of LIS deposits received from GoAP and the utilization thereof are as follows:



11. Consequent to bifurcation of APTRANSCO w.e.f. 02.06.2014, the Transmission & SLDCcharges are determined based on the actual power scheduling to TS Discoms fromAP Region to TS Region or vice versa (i.e., net of power scheduling) and accordinglythe company raised a demand on TS Discoms (TSSPDCL & TSNPDCL) to the extentof Rs.236.18 crs (previous year Rs.177.95), the same has not been accounted andconsidered in books as Revenue due to non-finalization of LTTA (Long TermTransmission Agreement) with TS Discoms.

12. An amount of Rs.19.38 crs (previous year Rs. 21.89 crs i.e., 1.4.2014 to 1.6.2014united AP and 2.6.2014 to 31.3.2015 residuary AP) has been credited to Other Incomeunder schedule 5 towards capital contribution in proportion to the depreciation in respectof GoAP’s Lift Irrigation assets.

13. The TS Transco has raised bills towards share of common expenditure, for the yearamounting to Rs.4.08 crores, which is not accepted by company, pending review andfinalization.

14. a) Maintenance charges from consumers are accounted on cash basis.

b) Supervision charges from clients/consumers (other than LIS works) are treatedas income on cash basis.

c) The O&M maintenance charges from NCE Developers are treated as income on cashbasis.

d) Surcharge on delayed payment of Transmission & SLDC charges are treated asincome on cash basis.

Sl. Particulars This year Previous yearNo 2015-16 2014-151. Deposits received from GoAP to end of 1083.74 1083.742. Interest payable to GoAP on LIS deposits to end of 502.91 414.953. Total (1+2) 1586.65 1498.694. Value of Lift Irrigation Assets put to use transferred to

“Consumer Contribution towards cost of Capital Assets”to end of 270.73 270.80

5. Development Charges transferred to “ConsumersContribution towards cost of Capital Assets” to end of 38.11 38.14

6. Supervision Charges transferred to P&L A/c to end of 71.93 71.957. Amount paid to Discoms to end of 54.04 39.488. Total expenditure (4 to 7) 434.81 420.379. Balance Deposits at the end of the year (3-8) 1151.84 1078.3210. Less: Capital Works in progress to end of 154.00 99.9411 Balance Deposits at the end of the year (9-10) 997.84 978.38

Rs. in crores



15. There are no assets, which attract impairment during the year in terms of AS-28.

16. Deferred Tax:

17. Investment of Rs.8.44 crs in GVK Power & Infrastructure Limited (GVKPIL) of 6330000shares of Re.1/- each (Quoted Share), the market value thereof is at Rs.4.30 crs atthe close of the year (previous year Rs. 6.05 crs).

18. Provision towards the value of scrap/unserviceable/obsolete materials has beenretained/regulated/reviewed in the accounts and necessary provision is made.

19. a. As directed by APERC through tariff orders from time to time, company has appropriatedfrom appropriation account to Contingency Reserve as per para IV (1) of the SixthSchedule of Electricity Supply Act 1948. The funds relating to Contingency Reserveare invested in various Securities/Bonds, etc. from time to time. The funds are not atthe disposal of the Company and as such the interest earned has been credited (net oftax) to Contingency Reserve Account under Schedule 35. The utilization of contingencyreserve shall be made only with the prior approval of the Hon’ble Commission.

b. APERC has accorded the permission to utilize the expenditure arising on account ofthe damage and losses caused by HudhHud cyclone to transmission network. Inaccordance to the permission, APTRANSCO has transferred the contingency reserveof Rs.23.21 crs to the appropriation account towards the extra-ordinary expenditureincurred on account of damage and losses caused by HudHud.

c. The value of contingency Reserve Investments are bifurcated between APTRANSCOand TSTRANSCO as on 01-06-2014 but the whole contingency reserve investmentsare in the name of APTRANSCO due to non-finalization of the demerger plan. Thecontingency reserve is apportioned between APTRANSCO and TSTRANSCO. Theinterest share of APTRANSCO Contingency Reserve earnings only has beenaccounted and are transferred to Contingency Reserve (net of tax). After finalizationof the demerger plan the proportionate securities pertaining to the share of TSTRANSCOwill be transferred.

20. Investments other than fund investments amounting to Rs.587 crores are held in thename of the company which includes investments of Rs.363.47 crores apportioned toTSTRANSCO.

(Rs. In Crs)

Particulars As at For the Year As at31.03.2015 2015-16 31.03.2016

1 2 3(1+2)Deferred Tax Liability On Depreciation 173.82 24.63 198.45Deferred Tax Asset on provision of Pension& Gratuity, Gratuity and Leave Encashment (105.45) 23.88 (81.57)Net Deferred Tax Liability/(Asset) 68.37 48.51 116.88



21. The GoAP had taken decision to waive Agriculture dues outstanding as on 31-3-2004and to compensate the DISCOMs for free power supplied to Agriculture consumers.Accordingly, orders were issued vide G.O.Ms.No.30 dt.09-03-2006 permitting theCompany to mobilize resources to the extent of Rs.975 crs during FY 2005-06 (Rs.200crs), FY 2006-07 (Rs.300 crs), FY 2007-08 (Rs.125 crs) and FY 2008-09 (Rs.350crs). The repayment of principal and interest is guaranteed by GoAP with Budgetarysupport. The Company had mobilized the funds by issuing APTRANSCO Vidyut Bondsin FY 2005-06 to FY 2007-08 amounting to Rs.975 crs on behalf of GoAP and theproceeds were paid to DISCOMs. The GoAP is releasing the required funds to servicethese Bonds to the Company and the Company is discharging the liability. As theseBonds were floated by the Company on behalf of GoAP, the value of these Bonds andthe interest thereon year on year were not shown in the financial statements of theCompany. The existing liability as on 31-03-2016 of Vidyut Bonds to AP and TS is ofRs.350 Crs Rs.511.18 Crs respectively.

22. The Company had borrowed/drawn funds from REC on behalf of DISCOMs by executingloan documents up to FY 2004-05. The loans drawn on behalf of DISCOMs wereallocated/transferred to DISCOMs through 3rd Transfer Scheme vide G.O,Ms.No.58dt.07-06-2005 and intimated the fact of transfer of these loans to DISCOMs to REC.Debt servicing of these loans are being met by the DISCOMs year on year regularly.However, since the loan documents were executed by the Company, the REC is stillshowing these loans outstanding in the name of the Company and issuing demandnotices and confirmation of balances in the name of the Company. The loan outstandingon this account is Rs.52.27 crs (Pr. Year Rs.149.80 crs) as at 31st March 2016 whichare not shown in the financial statements of the Company.

23. All the Loans existing on 01.06.2014 from the REC, PFC and Banks are continuing tobe in the name of the Company. The loans outstanding as on 1.6.2014 were apportionedto TSTRANSCO of Rs.1725.96 Cr as per the draft de-merger plan. The debt serviceof loans apportioned to TSTRANSCO are being met by them regularly. However, sincethe loan documents were executed by the Company further loan drawls/repayment ofloan by TSTRANSCO are accounted for by the lenders in the existing loan accounts,similarly the necessary demand notices and confirmation of balances are in the nameof the Company. Accordingly, the loan outstanding of TSTRANSCO on this accountas at 31st March 2016 are not shown in the financial statements of the Company.

24. Expenses capitalized in the TLC units include Head Quarter charges (@1.5% (Pr. Yr1.5%) on the CWIP of the year).



25. Disclosure related to related party transactions:

26. CONTINGENT LIABILITIES:

a) Disputed liabilities towards Sales Tax/VAT/CST/Entry Tax

b) The Income Tax Returns are filed by the company, and the assessments are completedup to AY 2014-15 (FY 2013-14). The IT authorities have added back the interest incometransferred to LIS deposits pertaining to GoAP for the AY 2008-09 to 2014-15, againstwhich the APTRANSCO had filed appeals and they are pending for disposal before thedifferent CIT appeals, Hyderabad. The Company expects no further liability. However,the Assessing Officer (ACIT-Circle-2(2)) has raised a tax demand for AY 2013-14 andAY 2014-15 against which 15% of the Demand was paid for grant of stay petition asdetailed below:

c) Legal cases are pending against APTRANSCO in AP Micro Small & Medium EnterprisesFacilitating Council (APMSEFC) and AP High Court. However, an amount of Rs.0.94crs (previous year Rs.0.47 crs) was deposited against the awarded amount.

d) Demand raised by Municipal authorities towards Municipal Taxes are disputed to theextent of Rs.4.37 crs (previous year Rs.5.84 cr.)

SL.No Name:Sarwasri Relationship Transaction Amount (in Rs.)1. K. Vijayanand CMD Remuneration 1,27,9832. P. Umapathi JMD Remuneration 17,31,8903. Dinesh Parchuri Dir(Fin) Remuneration 9,70,5814. Md. Anwaruddin Dir(Grid &TRA& MAN) Remuneration 2,81,7125. S. Subhrhmanyam Dir(Proj) Remuneration 6,82,3076. Nagaraja Swamy Dir(Grid &TRA &MAN) Remuneration 1,71,220

(Rs. In Crores) Particulars 2015-16 2014-15Cases for disputed liabilities of Sales Tax/VAT/CST/Entry Tax arepending before the STAT, Hon’ble High Court of AP and Hon’bleSupreme Court of India. 138.86 138.86Amount deposited as per Hon’ble Courts and Sales Tax AppellateTribunal 14.54 15.18

Asst. Year Tax Demand Rs.crs Tax paid Rs.crs.2013-14 145.67 22.612014-15 99.62 14.94



27. Land at 220 KV Farm Sub-station to the extent of 1078.96 Sq.Mts. was transferred toGVMC /Vishakhapatnam against which 1096.45 Sq.Mts. was occupied by GVMC. Theland transferred by company is on exchange basis with the available GVMC land atLankelapalam or at Mudasarlova. The transfer of identified land on exchange basis isnot completed. Therefore the cost of land taken over by GVMC is not removed from thebooks.

28. The APERC has issued the true-up orders dt.07.11.2015 for true-down of Rs.271.34Crores of transmission charges towards the 2nd MYT (Multi Year Tariff) for the FY2009-10 to 2013-14. As per the Hon’ble Commission orders, company has to refundthe transmission charges to the two distribution companies i.e. APSPDCL andAPEPDCL. Based on the orders a provision of Rs.271.34 crores has been made in thebooks of accounts during the current year. The true-down amounts are to be in theform of adjustment of the transmission charges that become payable by the APSPDCLand APEPDCL during the FY 2016-17 at 50% of the transmission charges that becomepayable each month, till such liability is totally discharged.

29. The transmission charges for each of the MYT are determined in terms of APERCRegulation 5 of 2005, based on the ARR (Aggregate revenue Requirement) proposalssubmitted by the company. Variations in revenue recovery over approved revenue, theexcess / shortfall of such on variations in transmission usage will be adjusted insubsequent Control Period with financing cost at average rate of borrowing during theyear to which the variations relate and accounted in the year of such determination.Thus the transmission charges earned are subject to review by the Hon’ble Commissionin the subsequent MYT period.

30. Previous year’s figures are grouped / re-grouped wherever and if necessary to confirmwith the current year classification.










FUNCTION-WISE ANALYSIS OF REVENUE AND EXPENSES

STATEMENT - 6(Rs. in lakhs)

Sl. TLC TL&SS Head Total SLDC TotalNo. Particulars units units Office/ (Trns) (Trns

Common +SLDC) REVENUE: 1 Transmission

& SLDC charges 80048.60 80048.60 4211.70 84260.302 Revenue subsidies

and grants 3 Other income 3700.00 488.68 8137.35 12326.03 172.99 12499.02 Total Income 3700.00 488.68 88185.95 92374.63 4384.69 96759.32 EXPENSES: 1 Purchase of power 2 Repairs & Maintenance 28.91 12385.04 45.11 12459.06 234.43 12693.493 Employee costs 6077.35 19341.73 6549.07 31968.15 3865.65 35833.804 Administration and

General charges 813.58 1469.76 1602.83 3886.17 332.86 4219.035 Depreciation and

related expenses 27353.86 (0.00) 27353.86 52.24 27406.106 Interest and Finance

Charges 25248.18 28.79 25276.97 41.08 25318.05 Total Expenditure 59521.88 33196.53 8225.80 100944.21 4526.26 105470.477 Less: Expenses

Capitalised 9774.86 9774.86 9774.86 Interest Capitalised 12509.00 12509.00 12509.008 Add: Expenses

reallocated Other debits 47.02 47.02 47.02 Extra-ordinary items 290.52 290.52 290.52 Prior Period items (160.22) (160.22) (160.22) Net Expenses 37238.02 33196.53 8403.12 78837.67 4526.26 83363.93

Profit before tax 13536.96 (141.57) 13395.39



FUNCTION-WISE BALANCE SHEET

(Rs. in lakhs)

Sch. Schedule Note As at 31st March 2016 As at 31st March 2015No. Transmission SLDC APTRANSCO Transmission SLDC APTRANSCO

ASSETS 19 Gross Block 668170.15 9006.46 677176.62 555776.10 9000.47 564776.57 Less: Accumulated

Depreciation 279195.89 7888.56 287084.45 251842.03 7836.32 259678.35 Net Fixed Assets 388974.26 1117.90 390092.17 303934.06 1164.15 305098.2121 Capital Expenditure

in progress 229912.32 1924.67 231836.99 129058.32 333.32 129391.6422 Assets not in use 0.00 0.00 0.00 0.00 0.00 0.0023 Deferred Costs 0.00 0.00 0.00 0.00 0.00 0.0024 Intangible Assets 0.00 0.00 0.00 0.00 0.00 0.0025 Investments 31098.59 0.00 31098.59 30706.33 0.00 30706.33

Current Assets 148275.45 1191.69 149467.14 154658.31 1347.86 156006.1726(a) Stock 27047.93 0.00 27047.93 42426.58 0.00 42426.5826(b) Receivables 22826.63 978.65 23805.28 24581.97 674.89 25256.8626( c) Cash & Bank Balance 3639.92 1.11 3641.03 5223.50 503.75 5727.2526(d) Loans and Advances 85644.36 21.63 85665.99 80034.26 22.31 80056.5726(e) Other Receivables 9116.62 190.29 9306.91 2391.99 146.91 2538.9028 Current Liabilities 261532.31 3558.20 265090.51 228491.06 1626.42 230117.48 Net Current Assets (113256.86) (2366.51) (115623.38) (73832.75) (278.56) (74111.31)29 Subsidy Receivable

from GoAP 0.00 0.00 0.00 0.00

TOTAL ASSETS 536728.32 676.07 537404.37 389865.97 1218.90 391084.88 LIABILITIES 30 Borrowings for working

capital 0.00 0.00 0.00 0.00 31 Payments due on Capital

Liabilities 0.00 0.00 0.00 0.0032 Capital Liabilities 299306.93 235.06 299541.99 174409.98 636.32 175046.30 Deferred Tax Liabilities 11687.52 11687.52 6836.75 6836.75 Liability for Pension

& Gratuity and LeaveEncashment Trusts 26732.88 26732.88 31716.49 31716.49

33 Funds from StateGovernment 838.51 838.51 1052.84 1052.84

33 Equity 45443.97 45443.97 45443.97 45443.9734 Contributions, Grants

and Subsidies towardscost of Capital Assets 87637.31 87637.31 74054.11 74054.11

35 Reserve and ReserveFunds 22334.95 22334.95 24319.55 24319.55

Surplus 42746.24 441.01 43187.25 32032.28 582.58 32614.86 TOTAL LIABILITIES 536728.30 676.07 537404.37 389865.97 1218.90 391084.88



SOURCES AND USES OF FUNDSStatement - 7

(Rs.in lakhs)Sl. Particulars This YearNo. 2015-16 FUNDS PROVIDED BY 1 Profit/(Deficit) after tax (excl. Revenue Subsidies and Grants) 8544.622 Debit to Revenue Account not requiring Cash outlay 32256.873 Credits to Revenue Account not involving Cash Receipt

(Contingency Reserve & Pension & Gratuity Trust) 2027.774 Receipts of Revenue Subsidies and Grants 0.005 Contributions, Grants and Subsidies towards cost of capital assets

(incl.Exchange variation Reserve) 13583.216 Proceeds from disposal of fixed assets (Capital Reserve) 7 Funds from Operation 56412.46 Increase/(Decrease) in Working Capital 8 Stocks (15378.65)9 Receivable against Supply of Power (1451.58)10 Loans and Advances 5609.4211 Sundry Receivables 6768.0112 Subsidy Receivable 0.0013 Total current assets: (4452.81)14 Security Deposits from Consumers 0.0015 Current and accrued liabilities 29989.4216 Net Increase/(Decrease) in working capital (34442.23)17 Increase/(Decrease) in Cash & Bank balances (2086.22)18 Increase/(Decrease) in Borrowings for working capital 0.0019 Funds utilised on working capital (36528.45)20 Net funds from Operations 92940.9121 Total Capital Expenditure 214845.4022 Shortfall in Capital funds met from external sources 121904.4923 Net Increase/(Decrease) in capital liabilities 124281.3524 Increase/(Decrease) in Payments due on capital liabilities 0.0025 Increase/(Decrease) in Reserve & Reserve funds (1984.60)26 Increase/(Decrease) in Investments 392.2627 Net capital funds from external sources 121904.4928 Net funds from Operations as % of total capital expenditure 43.26



CASH FLOW STATEMENT FOR THE YEAR ENDED 31st MARCH

(Rupees in lakhs)

Sl. Particulars 2016 2015 No.

Cash flows from operating activities

1 Net profit before Tax and Prior Period Items

and Extraordinary items 10987.34 6806.93

Adjustments for:

2 Depreciation 27406.10 28653.60

3 Interest & finance charges 12809.05 13263.42

4 Prior Period items (160.22) (34.17)

5 Amount transferred to contingency reserve

& Pension & Gratuity Trust 2027.77 (283.47)

6 Interest received on investments (764.33) (994.14)

7 Consumers contributions/Grants, etc. 13583.21

8 Profit on sale of fixed assets/Scrap (74.06) (79.86)

9 Operation profit before working capital

changes (1 to 8) 65814.85 47332.31

Adjustments for:

10 Sundry debtors 1451.58 1150.82

11 Inventories 15378.65 1090.39

12 Other current assets (6768.01) 4412.02

13 Loans and advances (5609.42) 93588.60

14 Sundry creditors and liablilites 29989.42 (86026.07)

15 Borrowing for working capital (744.64)

16 Deferred Tax Liability (7186.76)

17 Liability for Pension & Gratuity and Leave

Encashment .............. (33365.92)

18 Cash generated from operations (9-17) 100257.08 20250.76

19 Income tax 2858.79 3699.73

Net flow before extra ordinary activities (18-19) 103115.87

20 Expenses towards HUDHUD Thoofan 290.52

21 Net Cash from operating activities (19-20)

Cash flows from investing activities 102825.35 16551.03

22 Acquisition of fixed assets, Intangible

Assets Deferred Cost (112400.05) 205304.62

23 Capital works in progress (102445.35) 103591.27










Sl. Particulars 2016 2015 No.

24 Profit on Sale of fixed assets/scrap 74.06 79.86

25 Interest received on investments 764.33 994.14

26 Investments (392.26) 39348.50

27 Consumers contributions/Grants, etc. ________ (66951.79)

28 Net cash from investing activities (22 to 27)

Cash flows from financing activities (214399.27) 282366.60

29 Proceeds from borrowings 143593.63 (186135.33)

30 Repayment of borrowings (19312.28)

31 Reserves & Reserve funds (2008.74) (17247.26)

32 Surplus (48317.24)

33 Employee related funds 24.14

34 Interest & Finance charges paid (12809.05) (13263.42)

35 Change in Share Capital _________ (32477.79)

36 Net cash from financing activities (28 to 34) 109487.70 (297441.04)

37 Net increase/(decrease) in cashflows

(20+27+35) (2086.22) 1476.59

38 Cash and cash equivalents

at the beginning of the year 5727.25 7203.84

39 Cash and cash equivalents

at the end of the year 3641.03 5727.25

40 Net increase in cash and

bank balance (37-38) (2086.22) 1476.59



STATEMENT OF CAPITAL BASE AND SURPLUS(Under Section 59 of the Electricity (Supply) Act, 1948)

STATEMENT - 8(Rs. In lakhs)

This statement is not applicable

STATEMENT OF TECHNICAL PARTICULARSSTATEMENT - 9

Sl.Particulars Unit

This Year Previous YearNo. 2015-16 2014-15 (provisional)

(from 02.06.14 to 31.03.15)

1 Input from State Generators includingwheeling MU 40575.09 31230.85

2 CGS (Ex-Bus) MU 8699.51 8649.573 System input at 132 KV & above inculding

Wheeled Energy (1+2) MU 49274.60 39880.424 Energy delivered by Transco to Discoms

including Wheeled Energy MU 47330.78 38215.185 Transmission Losses (incl wheeling) (3-4)

inclusive of PGCIL losses MU 1943.82 1665.246 %Transmission Losses (Incl wheeling) on

respective Inputs{(5/3*100)} inclusive ofPGCIL losses % 3.94 4.18

6a %Transmission Losses (Incl wheeling) onrespective Inputs {(5-11)/(3-11)*100)}exclusive of PGCIL losses % 3.37 3.37

7 Net wheeled Energy at 132 KV & above byThird Party Developers MU 378.41 285.45

8 Energy delivered by Transco to DiscomsExcluding Wheeled Energyat 132 KV & above (4-7) MU 46952.37 37929.73

9 Drawls at 33 KV & 11 KV from TP developers MU 1102.37 869.3810 Drawls at 33 KV & 11 KV from Genco MU 24.81 21.8311 External losses (PGCIL losses) MU 291.34 332.9412 Input to Discoms (incl Wheeling Energy) (8+9+10) % 48079.55 38820.9413 Discoms sales of Energy (Excl Wheeling) MU 44362.33 35101.8414 Net Wheeled Energy at 33 KV & Below by

Third party Developers MU 193.22 156.5115 Discoms sales of Energy (incl. Wheeling) (13+14) MU 44555.55 35258.3516 Distribution losses (incl. Wheeling) (12-15) MU 3524.00 3562.5917 % Distribution losses (incl.Wheeling)

on respective inputs {(16/12)*100} % 7.33 9.1818 T&D Input (Ex-Bus Availability) (3+9+10) MU 50401.78 40771.6319 T & D Sales (incl. Wheeling) by Discoms (15+7) % 44933.96 35543.8020 T&D Losses (inc. Wheeling) (18-19) MU 5467.82 5227.8321 % T&D Losses (incl.wheeling) (20/18*100) % 10.85 12.82

annual accounts 2015-2016 - aptransco.gov.in report 2015-16.pdf · sri m. ravi chandra, ias : ......

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